Xilinx Inc. gained in Wednesday’s extended session after the programmable logic devices maker reported better-than-expected results despite earnings falling 23%. Xilinx said its fiscal second-quarter quarter earnings dropped to $127 million, or 48 cents a share, from $172 million, or 62 cents a share, a year ago. Analysts surveyed by FactSet had forecast earnings of 46 cents a share. Revenue decreased 13% to $528 million. The company forecast sales to rise 3% to 7% sequentially in the third quarter while gross margin is projected at around 69%. Xilinx shares rallied 3.6% in after-hours trading.
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