* Expects fourth-qtr sales at 2-6 pct above previous qtr
* Third-qtr earnings/share $0.38 vs estimate $0.37
* Third-qtr revenue $509.8 mln vs est $527.7 mln
By Sruthi Ramakrishnan
Jan 17 Programmable chipmaker Xilinx Inc
said it expects revenue from the current quarter to
grow between 2 and 6 percent from third-quarter levels.
The company, which makes programmable chips used in cars and
industrial machinery, however reported quarterly revenue below
"We expect communications to increase slightly. We expect
industrial, aerospace and defense to be up sequentially with
growth from all three secondary end markets," Chief Financial
Officer Jon Olson said on a conference call.
The forecast could indicate a modest recovery among
chipmakers catering to industrial businesses and spending by
customers, Morningstar analyst Brian Colello told Reuters.
"This points towards a little more optimism towards Xilinx's
end markets in general."
Rivals Altera Corp and Lattice Semiconductor Corp
last month forecast revenue to fall from
previous-quarter levels, citing lower demand from the
Xilinx's third-quarter net income fell to $103.6 million, or
38 cents per share, from $127 million, or 47 cents per share, a
Revenue fell to $509.8 million from $511.1 million a year
earlier. Revenue from industrial, aerospace and defense business
- 36 percent of Xilinx's total revenue - grew 5 percent in the
But sales in the company's base segment fell 24 percent
while mainstream segment revenue was down 4 percent. The two
segments make up Xilinx's older business lines.
Analysts on average expected earnings of 37 cents per share
on revenue of $527.7 million, according to Thomson Reuters
A programmable chip can be reprogrammed to operate in any
desired pattern, effectively rewiring a chip's circuitry on
Shares of the company were up 2 percent in extended trading,
after closing at $36.20 on the Nasdaq on Thursday.