Jim Cramer's Stop Trading: We 'Need Some Answers' From Xilinx

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) 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. 

JetBlue, With Expectations Low, Could Face Changes

Facebook's Hidden Jewel Proving to Be Boon for Shareholders

Greenberg: Ackman and Herbalife -- The Day After

10 Best Used Luxury Cars Under $30,000

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.

At the time of publication, Cramer's Action Alerts PLUS held XLNX.

More from Opinion

Tuesday Turnaround: Micron, Autonomous Driving, and J.C. Penney

Tuesday Turnaround: Micron, Autonomous Driving, and J.C. Penney

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Trump Blinks on China Trade War That's Looking Harder to Win

Trump Blinks on China Trade War That's Looking Harder to Win

Monday Madness: GE, China, and Micron

Monday Madness: GE, China, and Micron

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly