Investing.com - Infineon reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Infineon announced earnings per share of €0.13 on revenue of €2.17B. Analysts polled by Investing.com anticipated EPS of €0.05 on revenue of €2.03B.
Infineon shares are up 10% from the beginning of the year and are trading at €22.435 , down-from-52-week-high.They are outperforming the DAX which is down 4.81% from the start of the year.
Infineon shares gained 4.01% 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 July 27, who reported EPS of €1.17 on revenue of €6.74B, compared to forecasts EPS of €1.12 on revenue of €6.72B.
Sartorius AG VZO had beat expectations on July 21 with second quarter EPS of €1 on revenue of €546.9M, compared to forecast for EPS of €0.99 on revenue of €546.9M.
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