Xilinx Trims Sales Forecast

Gross margin guidance is boosted.
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Xilinx

(XLNX) - Get Report

expects sales for its June quarter to come in at the low end of its prior guidance range, which had called for sequential growth of 1% to 5%.

The logic chipmaker said Thursday it also now expects gross margins of 62% to 63%, up from expectations of "approximately" 62%, with operating expenses falling about 5% sequentially, better than prior guidance of a 4% to 5% range.

Shares of Xilinx were off 23 cents, or 0.8%, in recent after-hours trading to $27.24.