Infineon Posts Upbeat FQ2 Results, Lifts Forecast
Infineon Technologies AG (OTC: IFNNY) reported upbeat fiscal second-quarter earnings and lifted its full-year forecast.
Infineon's quarterly revenue dropped 1% y/y to EUR986 million. Its operating profit fell 29% to EUR144 million. However, analysts were expecting an operating profit of EUR133 million on revenue of EUR942 million.
Infineon shares closed at $9.92 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.