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Xilinx Trims Sales Forecast

TSC Staff

Xilinx(XLNX Quote) expects sales for its June quarter to come in at the low end of its prior guidance range, which had called for sequential growth of 1% to 5%.

The logic chipmaker said Thursday it also now expects gross margins of 62% to 63%, up from expectations of "approximately" 62%, with operating expenses falling about 5% sequentially, better than prior guidance of a 4% to 5% range.

Shares of Xilinx were off 23 cents, or 0.8%, in recent after-hours trading to $27.24.