Xilinx profit falls 18 pct

Thu Jan 17, 2013 4:29pm EST

Jan 17 (Reuters) - Programmable chipmaker Xilinx Inc reported an 18 percent drop in quarterly profit on lower sales in its older product lines.

Third-quarter net income fell to $103.6 million, or 38 cents per share, from $127 million, or 47 cents per share, a year earlier.

Revenue for the company, which makes programmable chips used in cars and industrial machinery, fell to $509.8 million from $511.1 million a year earlier.