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Xilinx Slips: Street Fixated on Eventual Amazon AWS Payoff

Shares of programmable-chip maker Xilinx (XLNX) are down 97 cents, or 1.5%, at $64.35, after the company yesterday afternoon reportedfiscal Q1 revenue ever-so-sligthly below consensus, but beat not he bottom line, and forecast revenue and earnings this quarter just a little above consensus.

Revenue in the three months ended in June was $615.4 million, slightly missing the average $615.7 million estimate, while EPS of 63 cents beat the average 60-cent estimate.

For this quarter, the company’s projecting $605 million to $635 million, and 55 cents to 69 cents, compared to consensus for $617 million and 61 cents.

In its conference call with analysts, Xilinx management discussed the how weakness in the communications market offset strength in various other markets, such as consumer and industrial.