Xilinx Beats, But Sales View Misses

Networking tech shop hit 'on all cylinders' but sees a possible sputter ahead.
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(XLNX) - Get Report

beat Wall Street's numbers but guided below estimates for the current quarter.

The San Jose programmable-chip maker posted earnings of $103.6 million, or 35 cents a share. That compares with a profit of $90 million, or 30 cents a share, in the prior quarter. Analysts were looking for earnings of 32 cents a share, according to Yahoo Finance.

Sales for the quarter ended last month were $474.8 million, up from $444.9 in the prior quarter and up from $451 million a year ago. Analysts expected $463.6 million in sales for the fiscal third quarter.

"We fired on all cylinders this quarter," Chairman Wim Roelandts said in a press release. But looking ahead, the company says sales may be down slightly from fiscal third-quarter levels.

For the fiscal fourth quarter ending in March, Xilinx says sales will be in a range between up 3% and down 1% sequentially. Analysts were looking for sales to grow about 4% sequentially.

The company earlier this month named Moshe Gavrielov, an executive for

Cadence Design

(CDNS) - Get Report

, as its new CEO.

This article was written by a staff member of TheStreet.com.