Investing.com - Infineon 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 and are trading at €26.642 , down-from-52-week-high.They are outperforming the DAX which is down 1.73% from the start of the year.
Infineon shares lost 2.32% in intra-day trade after the report.
Infineon follows other major Technology sector earnings this month
Infineon's report follows an earnings beat by SAP on Monday, October 26, 2020, 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 Tuesday, October 20, 2020 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar