SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Tuesday reported fiscal fourth-quarter net income of $187.9 million.
The San Jose, California-based company said it had net income of 75 cents per share. Earnings, adjusted for one-time gains and costs, were 82 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The computer chipmaker posted revenue of $851 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $812.5 million.
For the year, the company reported profit of $646.5 million, or $2.62 per share. Revenue was reported as $3.15 billion.
Xilinx shares have decreased 13% since the beginning of the year, while the S&P's 500 index has increased 11%. In the final minutes of trading on Tuesday, shares hit $123.06, an increase of 48% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XLNX at https://www.zacks.com/ap/XLNX
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