Investing.com - Infineon reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Infineon announced earnings per share of €0.44 on revenue of €3.3B. Analysts polled by Investing.com anticipated EPS of €0.417 on revenue of €3.22B.
Infineon shares are down 35% from the beginning of the year and are trading at €26.335 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.5% from the start of the year.
Infineon shares lost 3.50% in intra-day trade the report.
Infineon follows other major Information Technology sector earnings this month
Infineon's report follows an earnings missed by SAP on Friday, April 22, 2022, who reported EPS of €1 on revenue of €7.08B, compared to forecasts EPS of €1.16 on revenue of €6.89B.
Nemetschek AG had beat expectations on Thursday, April 28, 2022 with first quarter EPS of €0.37 on revenue of €192.2M, compared to forecast for EPS of €0.3325 on revenue of €186.72M.
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