Xilinx Cuts 2Q Sales View

Xilinx (NASDAQ:XLNX), a maker of programmable logic devices, unveiled a softer sales forecast for its second quarter due to weaker-than-anticipated performance in its industrial and communications units.

The company said it now expects a drop in sales of 7-10%, compared with a previously anticipated drop of 3% to growth of 1%.

The change in forecast was attributed to lower-than-anticipated growth in the companys communications and industrial categories. In the first quarter, those divisions of the company generated 45% and 34% of total sales, respectively.

The San Jose, Calif.-based company reported net revenue during its first quarter of $615.46 million, growth of 5%.

Meanwhile, analysts polled by Thomson Reuters expect revenues of $604.53 million for the companys second quarter. For the second quarter, the company has projected operating expenses to stand at $208 million, down from the previous estimation of $218 million.

Second-quarter earnings are expected to be released on October 19.