NEW YORK (TheStreet) -- "You're going to see a stock that's down precipitously today," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Stop Trading" segment after he saw Xilinx's (XLNX - Get Report) earnings results.
Cramer didn't like the results he saw, which contradicted expectations. In May, Xilinx held a shareholder meeting saying that its business in China had stabilized and is now strong.
Well, none of that turned out to be true. Cramer said, "I don't understand it."
"The credibility of the company is in question," he concluded, adding that he would "need some answers" when he hosts CEO Moshe Gavrielov on his "Mad Money" TV show later tonight.
-- Written by Bret Kenwell in Petoskey, Mich.