Infineon earnings miss, Revenue beats in Q2

  • Investing.com
Infineon earnings miss, Revenue beats in Q2
Credit: © Reuters.

Investing.com - Infineon reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Infineon announced earnings per share of €0.24 on revenue of €2.7B. Analysts polled by Investing.com anticipated EPS of €0.2531 on revenue of €2.69B.

Infineon shares are down 5% from the beginning of the year and are trading at €32.538 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 10.39% year to date.

Infineon shares lost 3.48% in intra-day trade the report.

Infineon follows other major Technology sector earnings this month

Infineon's report follows an earnings beat by SAP on Thursday, April 22, 2021, who reported EPS of €1.4 on revenue of €6.35B, compared to forecasts EPS of €1.04 on revenue of €6.33B.

Sartorius AG VZO had beat expectations on Wednesday, April 21, 2021 with first quarter EPS of €1.77 on revenue of €791.1M, compared to forecast for EPS of €1.57 on revenue of €722.63M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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