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Xilinx Boosts Sales Guidance

The stock jumps 5% in after-hours trading.


(XLNX) - Get Xilinx, Inc. Report

boosted its sales estimate for the current quarter Wednesday, marking the company's second upward revision of guidance since October.

The San Jose, Calif., maker of programmable logic chips said after the bell Wednesday that revenue for its December quarter would be up 11% to 12% sequentially from the $399 million it reported for its second quarter of fiscal 2006. Analysts polled by Thomson First Call had expected the company to report $422 million in revenue, or a 5.7% sequential increase, with EPS of 25 cents.

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In a short statement, the company attributed the increase to broad-based strength in its end markets and strong sales growth in North America, Asia Pacific and Europe.

Shares of Xilinx, which closed at $26.93 Wednesday, jumped 5%, or $1.36, to $28.29 in extended trading.

Xilinx initially projected that the top line in its third quarter would increase sequentially by 1% to 5%, when it delivered its second-quarter results in October. Last month, the company boosted its outlook, projected revenue to increase sequentially by 4% to 8%.