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Xilinx profit and guidance beat estimates

Xilinx Inc. XLNX, +2.02% said its earnings fell 26% on weaker sales in the latest quarter, though its per-share profit beat expectations.

Shares rose 3.6% to $47 in recent after-hours trading as the San Jose, Calif., company's sales outlook for the current quarter mostly beat estimates.

For the quarter ending in December, Xilinx projected a 3% to 7% increase in sales from the latest quarter, implying a range between $543.4 million and $564.5 million. Analysts...