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% from the start of the year.
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 July 21, 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 July 21 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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