Infineon earnings miss, Revenue beats in Q4

  • Investing.com
Infineon earnings miss, Revenue beats in Q4

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% year to date.

Infineon shares lost 2.32% 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 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

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