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Xilinx profit misses consensus by 25.2% in fiscal Q2

Xilinx, Inc. said its normalized net income for the fiscal second quarter ended Oct. 1 came to 41 cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.

EPS rose 20.1% year over year from 34 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $109.8 million, an increase of 22.0% from $90.0 million in the second quarter ended Sept. 26, 2015.

The normalized profit margin increased to 19.0% from 17.1% in the year-earlier period.

Total revenue increased 9.8% year over year to $579.2 million from $527.6 million, and total operating expenses climbed 7.5% year over year to $402.4 million from $374.4 million.

Reported net income increased 29.2% on an annual basis to $164.9 million, or 61 cents per share, from $127.7 million, or 48 cents per share.