Xilinx Inc. (XLNX) is expected to report its second quarter results later today. Last month, the company had upgraded its guidance for the quarter. It expects quarterly sales to be up approximately 10% sequentially due to the broad based strength across all end markets and geographical divisions. Xilinx expects to ship most of last quarter’s delinquencies in the September quarter. Management reiterated its gross margin guidance of 61%. Operating expenses are estimated to come around $175 million, including $5 million in restructuring charges. California-based Xilinx designs and manufactures a broad range of high-performance, high-density programmable logic devices (PLDs) for electronic equipment manufacture. Earlier, rival Altera Corp. (ALTR) reported its quarterly results that matched expectations. Sales of $286.6 million were down 20% from a year ago but up 3% sequentially. Management stated that business conditions improved steadily during the quarter and most markets performed better than

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On July 16 2009, Cypress Semiconductor Corporation (CY) reported results for the second quarter of fiscal year 2009 ending June 2009. Both the top and bottom lines beat consensus and our estimates. Revenue for the quarter was $155.8 million, up 11.8% sequentially and down 25.7% year over year. The Consumer and Computation (CCD) and Data Communications (DCD) divisions were up double-digits, while the Memory and Imaging Division (MID) was flat sequentially. Revenue was over the top end of management’s guidance range of $145-153 million (up 4-10% sequentially). The company shipped 112 million units in the last quarter (up 14.3%), and the average selling price (ASP) declined 2.8% to $1.39. The blended ASP declined 2.2% to $1.39. The CCD segment generated 40% of revenue (up 20% sequentially), DCD 16% (up 25%) and MID 42% (flat). While all end markets registered growth, there was particular strength in ...

US stocks staged a sharp recovery yesterday, helped by rebound in financial shares, as analyst Meredith Whitney’s bullish comments on Goldman Sachs (NYSE:GS) triggered a buying spree and investors snapped up banking and industrial stocks.  The Dow Jones industrial average jumped 185 points.  Bank of America (NYSE:BAC), which has been hit hard by loan losses, also surged after Whitney said on CNBC the shares were the cheapest among U.S. banking stocks.  The S&P 500 index added 22 points, or 2.5%.  The NASDAQ rose 37 points, or 2.1%, helped by a 2.1% rally in technology stocks.

However, CIT Group Inc. (NYSE:CIT) plunged 11.8% after the commercial finance lender said its failure would put prospects of 760 manufacturing clients in jeopardy and precipitate a crisis for about 300,000 retailers.  American International Inc. (NYSE:AIG) rallied 24% and was the leading gainer among S&P 500 stocks after media reports said Primus Financial Holdings

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Six Dow components are scheduled to report as large-cap stocks dominate the first big week of earnings season. The 6 companies are Bank of America (...

Highlighted stocks include Yum Brands, Inc. (...

For Immediate Release

Chicago, IL - July 1, 2009 - Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: Flanders Corp. (FLDR), Altera Corp. (ALTR), Dr. Reddy's Lab Ltd. (RDY) and Kinetic Concepts, Inc. (KCI).     Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at http://at.zacks.com/?id=5607

Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +28%. Performance has been notable even during volatile and down times. For example, during the last bear market, 2000-2002, the market tumbled -37.6% - but Zacks

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Altera Corp. (ALTR, Buy) issued its mid-quarter update for Q2, ending in June, yesterday. Judging from the share-price performance so far today (down nearly 5%), investors appear to have taken the news with a grain of salt. Perhaps the absence of an upside in guidance is the reason for the shares negative performance so far today.Investors may recall that ALTR shares got a boost last week following a sell-side analyst raising his Q2 EPS estimates by a penny, compared to our and consensus estimates of $0.16, based mainly on expectation that the company will boost its second-quarter forecast during the mid-quarter update. Apparently the company has not done so, resulting in a reversal of gains from last week.But it remains to be seen whether the company can deliver improved results compared to our and consensus expectations, given the company's reiteration that "demand from OEMs ...

Companies highlighted in this weekly wrap include Casey's General Stores Inc. (CASY), Altera Corp. (ALTR), Cubic Corporation (CUB) and Target Corporation (TGT).

Casey's General Stores Inc. (CASY) continues to perform well after recently spiking on a strong third quarter. Analysts remain bullish on earnings, raising the fiscal full-year estimate by a penny since we last featured CASY as a Growth and Income pick in mid-May. The company is scheduled to report fourth-quarter and full-year results in mid-June.

Bullish Forecasts

Analysts' earnings estimates for the year ended April 2009 are at $1.75 per share, above last month's $1.74 and the

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For Immediate Release

Chicago, IL - May 29, 2009 - Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: TNS Inc. (TNS), Altera Corp. (ALTR), SXC Health Solutions Corp. (SXCI) and RadioShack Corporation (RSH).     Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at http://at.zacks.com/?id=88

Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +28%. Performance has been notable even during volatile and down times. For example, during the last bear market, 2000-2002, the market tumbled -37.6% - but Zacks #1 Rank stocks gained +43.8%.

Here is a

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Altera Corp. (ALTR) just saw a nice share price spike thanks to an analyst, who raised earnings estimates based on the prospect that Altera will hike its second-quarter outlook on strong demand from China.

Company Description

Altera provides innovative custom logic solutions and has been ever since inventing the world's first reprogrammable logic device in 1984. Today, over 2,600 employees in 19 countries are providing even more ingenious custom logic solutions.

Altera's comprehensive solutions portfolio contains fully integrated software development tools, versatile embedded processors, optimized intellectual property (IP) cores, reference designs examples, and a variety of development kits.

Solid Performance

The company saw a nice share price spike thanks to an analyst, who recently raised earnings estimates based on the prospect that Altera will hike its second-quarter outlook on strong demand from China.

Altera's first-quarter earnings of 17 cents per share topped the consensus

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