5 Stocks That Beat Quarterly Expectations

4. Xilinx, Inc. (NASDAQ:XLNX)

Number of Hedge Fund Holders: 62

Shares of Xilinx, Inc. (NASDAQ:XLNX) jumped more than seven percent in the pre-market trading session on Thursday, January 27, 2022, after posting a solid profit for its fiscal third quarter.

Xilinx, Inc. (NASDAQ:XLNX) earned $1.29 per share on an adjusted basis, compared to 78 cents per share in the year-ago quarter and above expectations of 98 cents per share. In addition, its quarterly revenue jumped 26 percent on a year-over-year basis to $1.01 billion despite supply chain disruptions.

Speaking on the results, CEO of Xilinx, Inc. (NASDAQ:XLNX), Victor Peng, said:

“Xilinx achieved another record quarter and surpassed $1 billion in quarterly sales for the first time in the company’s history. While we were unable to fully satisfy customer needs, our results demonstrate our team’s relentless focus and execution in supporting our customers as well as possible given the extremely tight supply conditions.”