Investing.com - Infineon (OTC:IFNNY) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Infineon announced earnings per share of €0.28 on revenue of €2.63B. Analysts polled by Investing.com anticipated EPS of €0.2155 on revenue of €2.53B.
Infineon shares are up 13% from the beginning of the year, still down 6.61% from its 52 week high of €35.92 set on January 21. They are outperforming the STOXX 600 which is up 2.63% from the start of the year.
Infineon follows other major Technology sector earnings this month
Infineon's report follows an earnings beat by SAP on January 29, who reported EPS of €1.69 on revenue of €7.54B, compared to forecasts EPS of €1.6 on revenue of €7.48B.
Sartorius AG VZO had missed expectations on January 27 with fourth quarter EPS of €1.29 on revenue of €655.7M, compared to forecast for EPS of €1.33 on revenue of €655.66M.
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