Investing.com - Infineon reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Infineon announced earnings per share of €0.41 on revenue of €3.16B. Analysts polled by Investing.com anticipated EPS of €0.368 on revenue of €3.06B.
Infineon shares are up 6% from the beginning of the year and are trading at €35.300 , down-from-52-week-high.They are outperforming the ATX which is up 1.28% from the start of the year.
Infineon shares lost 4.56% in intra-day trade the report.
Infineon follows other major Information Technology sector earnings this month
Infineon's report follows an earnings beat by SAP on Thursday, January 27, 2022, who reported EPS of €1.86 on revenue of €7.98B, compared to forecasts EPS of €1.71 on revenue of €7.84B.
TeamViewer had missed expectations on Wednesday with fourth quarter EPS of €0.2826 on revenue of €132.3M (NYSE:MMM), compared to forecast for EPS of €0.303 on revenue of €130.97M.
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