Infineon earnings, Revenue beat in Q4

  • Investing.com
Infineon earnings, Revenue beat in Q4

Investing.com - Infineon reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Infineon announced earnings per share of €0.41 on revenue of €3.01B. Analysts polled by Investing.com anticipated EPS of €0.31 on revenue of €2.93B.

Infineon shares are up 30% from the beginning of the year and are trading at €41.083 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 22.05% year to date.

Infineon shares lost 1.23% 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, October 21, 2021, who reported EPS of €1.74 on revenue of €6.85B, compared to forecasts EPS of €1.46 on revenue of €6.78B.

Software AG had beat expectations on Thursday, October 21, 2021 with third quarter EPS of €0.3 on revenue of €198M, compared to forecast for EPS of €0.274 on revenue of €197.49M.

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