Infineon Posts Upbeat FQ2 Results, Lifts Forecast

Infineon Technologies AG

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.