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Xilinx profit misses consensus by 26.4% in fiscal Q3

Xilinx, Inc. said its normalized net income for the fiscal third quarter ended Jan. 2 came to 36 cents per share, compared with the S&P Capital IQ consensus estimate of 49 cents per share.

EPS fell 13.9% year over year from 42 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $96.9 million, a decline of 15.2% from $114.3 million in the third quarter ended Dec. 27, 2014.

The normalized profit margin fell to 17.1% from 19.3% in the year-earlier period.

Total revenue fell on an annual basis to $566.2 million from $593.5 million, and total operating expenses came to $406.1 million, compared with $403.5 million in the prior-year period.

Reported net income decreased 22.2% from the prior-year period to $132.1 million, or 49 cents per share, from $169.8 million, or 62 cents per share.