Market Overview

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.

Posted-In: profitEarnings News Guidance

 

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