Xilinx Gains as First-Quarter Sales Forecast Beats Estimates
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Xilinx Inc., a maker of programmable chips used in mobile-phone base stations, rose the most in more than three years after forecasting sales this quarter that may beat some analysts’ estimates.
Revenue will rise 1 percent to 5 percent from the $559 million reported in the fiscal fourth quarter, Xilinx said in a statement yesterday. That indicates revenue of $564.6 million to $586.9 million, and compares with the average analyst estimate of $555 million, according to data compiled by Bloomberg.