Xilinx 4Q Profit Slumps But Beats Expectations

SAN JOSE, Calif. (AP) — Chip maker Xilinx Inc. said Wednesday its fiscal fourth-quarter profit and sales dropped amid the difficult economy, but the results still surpassed Wall Street's expectations.

For the three months ended March 28, the company earned $70.5 million, or 26 cents per share, down 27 percent from $96.5 million, or 34 cents per share, in the same period a year earlier. Xilinx said the latest quarter's results included a gain of 6 cents per share in one-time items.

Revenue fell 17 percent to $395 million from $475.8 million. ...