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Xilinx Slumps After Earnings Match Estimates, Chip Company Buys Solarflare

Tony Owusu

were down sharply Thursday after the company reported fourth-quarter revenue that topped analysts' estimates while earnings matched expectations. "Fiscal year 2019 was truly an exceptional year for Xilinx. In addition, we demonstrated strong profitability by posting over 30% growth in both non-GAAP operating income and non-GAAP diluted earnings per share," CEO Victor Peng said.