Investing.com - Infineon (OTC:IFNNY) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Infineon announced earnings per share of €0.08 on revenue of €2.49B. Analysts polled by Investing.com anticipated EPS of €0.17 on revenue of €2.48B.
Infineon shares are up 31% from the beginning of the year, still down 5.88% from its 52 week high of €28.33 set on October 14. They are outperforming the STOXX 600 which is down 8.54% from the start of the year.
Infineon shares lost 2.24% in intra-day trade following the report.
Infineon follows other major Technology sector earnings this month
Infineon's report follows an earnings beat by SAP on October 26, who reported EPS of €1.32 on revenue of €6.54B, compared to forecasts EPS of €1.3 on revenue of €6.86B.
Sartorius AG VZO had beat expectations on October 20 with third quarter EPS of €1.27 on revenue of €623.2M, compared to forecast for EPS of €1.13 on revenue of €598.73M.
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