FILE PHOTO: A Xilinx sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song
(Reuters) – Xilinx Inc (XLNX.O) on Wednesday forecast first-quarter revenue below estimates and refrained from providing an annual outlook, citing the uncertainty caused by the coronavirus outbreak.
Shares of the company, which closed 5% higher on Wednesday, were down 4.5% in extended trading.
Xilinx said it expects first-quarter revenue in the range of between $660 million and $720 million, below analysts’ average estimate of $738.8 million, according to IBES data from Refinitiv.
Reporting by Munsif Vengattil in Bengaluru; Editing by Devika Syamnath
Source Reuters Tech News
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