Infineon: stock up after Q1 results
(CercleFinance.com) - The Infineon share is up 1.
7% in Frankfurt today after the group published Q1 adjusted EPS that is up 18% at 20 euro cents, beating the consensus by one cent.
The margin of the German semiconductor manufacturer's segments improved by 0.9 point to 15.9% on sales which rose by 8% to over 1.77 billion euros, despite the negative impact resulting from the dollar's depreciation.
The dollar's weakness has led the group to cut its annual targets, with the group now targeting sales growth of around +5% (plus or minus two points) and a margin of 16.5%, against previous estimates of +9% and 17% respectively.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7% in Frankfurt today after the group published Q1 adjusted EPS that is up 18% at 20 euro cents, beating the consensus by one cent.
The margin of the German semiconductor manufacturer's segments improved by 0.9 point to 15.9% on sales which rose by 8% to over 1.77 billion euros, despite the negative impact resulting from the dollar's depreciation.
The dollar's weakness has led the group to cut its annual targets, with the group now targeting sales growth of around +5% (plus or minus two points) and a margin of 16.5%, against previous estimates of +9% and 17% respectively.
Copyright (c) 2018 CercleFinance.com. All rights reserved.