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SAN JOSE, Calif. - Chip maker Xilinx Inc. said sales in the quarter that just ended will be down from the previous quarter. Analysts had expected sales to rise.
Xilinx blamed supply constraints on the Virtex-5 line, which are programmable chips for high-speed networking applications. It said the supply issues will be resolved in the current quarter.
Shares of the San Jose-based company fell 97 cents, or 4.7 percent, to $19.60 in premarket trading Thursday.
Xilinx said sales for the June quarter would be down 5 percent from the previous quarter's $395 million, indicating sales of about $375 million. It had previously said the change in sales would range from a drop of 4 percent to an increase of 4 percent.
Analysts polled by Thomson Reuters had expected sales of $397 million for the June quarter.
The company is set to report full results for the quarter on July 15.
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