NEW YORK (TheStreet) -- Xilinx (XLNX - Get Report) plunged in after-hours trading on Tuesday after the chipmaker reported first-quarter earnings that came up well short of analysts' expectations and issued guidance below the consensus estimate.
The company reported earnings per share of 62 cents on revenue of $612.6 million. This edged the consensus EPS estimate of 61 cents but missed the revenue estimate of $631.55 million.
Xilinx expects revenue to be flat to down 4% in the second quarter compared to the first, which equates to a range of $588 million to $612.6 million, well below the consensus estimate of $644.48 million.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The stock was down 8.62% to $44 at 4:40 p.m. XLNX data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.