Infineon earnings, Revenue beat in Q1

  • Investing.com
Infineon earnings, Revenue beat in Q1

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% year to date.

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.

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

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