(Reuters) – Infineon’s shares increased by 11 % after the German chip maker was slightly upgraded to the entire revenue expectations and reported quarterly results and directions over expectations.
A STIFEL analyst said that the future view differs from the microcredit chips of cars and industrial use that missed expectations, in some cases with a wide margin.
Infineon stocks increased by 11 % at 0815 GMT, on the right track of their best day since May. The stocks topped the German blue slide index
“The Infinone report is likely to relieve concerns about the continued deterioration in the demand for cars, as it was flatly directed to the car’s revenue in the fiscal year 25.”
The analyst added: “The energy and sensors sector is expected to be dramatically in the 25th fiscal year, probably due to the products of the Infineon Servant (artificial intelligence) products.”
“In the wake of the expected reserves, we still expect the recovery in the demand to be gradual for the current fiscal year,” CEO Yoshin Hanbeek said in a statement.
The company also said that it expects the revenues of the second quarter of the second quarter of 3.6 billion euros (3.7 billion dollars), overcoming an analyst provided by the company amounting to 3.42 billion.
($ 1 = 0.9696 euros)
(Participated in the reports of the Emir of Urosov and Anastasia Kozlova; edited by Ludwig Burger)
Comments are closed, but trackbacks and pingbacks are open.