Investing.com - Infineon 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 and are trading at €33.545 , down-from-52-week-high.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 Friday, January 29, 2021, 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 Wednesday, January 27, 2021 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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