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Xilinx profit misses consensus by 23.2% in fiscal Q1

Xilinx, Inc. said its normalized net income for the fiscal first quarter ended July 2 was 43 cents per share, compared with the S&P Capital IQ consensus estimate of 56 cents per share.

EPS climbed 10.0% year over year from 39 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $113.5 million, a gain of 8.1% from $105.0 million in the first quarter ended June 27, 2015.

The normalized profit margin rose to 19.7% from 19.1% in the year-earlier period.

Total revenue grew on an annual basis to $575.0 million from $549.0 million, and total operating expenses climbed 4.9% year over year to $388.8 million from $370.5 million.

Reported net income increased 9.1% from the prior-year period to $162.4 million, or 61 cents per share, from $148.9 million, or 55 cents per share.