Xilinx (XLNX) Dips Extra Than Broader Markets: What You Ought to Know

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Xilinx (XLNX) Dips Extra Than Broader Markets: What You Ought to Know

Xilinx (XLNX) closed at $88.65 within the newest buying and selling session, marking a -1.79% trans


Xilinx (XLNX) closed at $88.65 within the newest buying and selling session, marking a -1.79% transfer from the prior day. This transfer lagged the S&P 500’s each day lack of 0.66%. In the meantime, the Dow misplaced 1.01%, and the Nasdaq, a tech-heavy index, misplaced 0.55%.

Previous to at present’s buying and selling, shares of the pc chipmaker had misplaced 6.59% over the previous month. This has lagged the Pc and Expertise sector’s achieve of 1.57% and the S&P 500’s achieve of 1.77% in that point.

Buyers can be hoping for energy from XLNX because it approaches its subsequent earnings launch. In that report, analysts anticipate XLNX to submit earnings of $0.64 per share. This may mark a year-over-year decline of 30.43%. Our most up-to-date consensus estimate is looking for quarterly income of $725.70 million, down 9.29% from the year-ago interval.

Trying on the full yr, our Zacks Consensus Estimates counsel analysts predict earnings of $3.35 per share and income of $3.22 billion. These totals would mark modifications of -3.74% and +5.39%, respectively, from final yr.



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