Investing.com - Infineon reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Infineon announced earnings per share of €0.27 on revenue of €2.72B. Analysts polled by Investing.com anticipated EPS of €0.2792 on revenue of €2.78B.
Infineon shares are up 16% from the beginning of the year and are trading at €33.555 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 16.85% year to date.
Infineon shares gained 0.37% 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 Wednesday, July 21, 2021, who reported EPS of €1.75 on revenue of €6.67B, compared to forecasts EPS of €1.21 on revenue of €6.69B.
Software AG had beat expectations on Wednesday, July 21, 2021 with second quarter EPS of €0.55 on revenue of €218.2M, compared to forecast for EPS of €0.5063 on revenue of €218.2M.
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