Investing.com - Infineon reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Infineon announced earnings per share of €0.13 on revenue of €1.99B. Analysts polled by Investing.com anticipated EPS of €0.17 on revenue of €1.98B. That with comparison to EPS of €0.24 on revenue of €1.98B in the same period a year before.Infineon had reported EPS of €0.17 on revenue of €1.92B in the previous quarter.Analysts are expecting EPS of €0.13 and revenue of €1.79B in the upcoming quarter.
Infineon shares are down 17% from the beginning of the year and are trading at €16.823 , down-from-52-week-high.They are outperforming the DAX which is down 18.92% year to date.
Infineon follows other major Technology sector earnings this month
Infineon's report follows an earnings missed by SAP on Tuesday, April 21, 2020, who reported EPS of €0.85 on revenue of €6.52B, compared to forecasts EPS of €0.93 on revenue of €6.51B.
Sartorius AG VZO had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of €0.83 on revenue of €509.9M, compared to forecast for EPS of €0.81 on revenue of €485.26M.
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