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SMALL BUSINESS
Xilinx 2Q profit falls 21 percent on drop in sales
AP
SAN JOSE, Calif. -Chip maker Xilinx Inc. said Wednesday its fiscal second-quarter profit declined 21 percent, hurt by lower revenue.
The company earned $64 million, or 23 cents per share, for the quarter ended Sept. 26, down from $81.1 million, or 29 cents per share, in the same period a year earlier. Revenue fell 14 percent to $415 million from $483.5 million. The results include restructuring charges of 2 cents per share.
Analysts polled by Thomson Reuters were expecting a profit of 22 cents per share on sales of $410 million.
The company said it expects sales to grow about 6 percent to 10 percent sequentially. Analysts expects sales of $422.5 million for the fiscal third quarter.
Shares gained 2 cents to $24.10 in after-hours trading. The stock had closed up 7 cents at $24 in the regular session.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-10-14 17:14:01
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