Xilinx Narrows Sales Guidance

It now expects fourth-quarter sales to be flat to down 4% sequentially.
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Xilinx (XLNX) - Get Report cut the bottom end of its March quarter sales guidance range, saying it now expects sales to be flat to down 4% sequentially.

The chip-equipment maker had expected sales to come in flat to down 5% from the most recent quarter.

Analysts were expecting fourth-quarter sales of $441.9 million.

Xilinx said it continues to expect gross margin of about 61%, including $2 million of stock-based compensation.

Shares of Xilinx were off a penny in recent after-hours trading to $24.77.