Infineon Technologies Q3 Operating Profit At EUR 519 Mln
Aug 5 (Reuters) -INFINEON TECHNOLOGIES AG IFXGn.DE:
SLIGHT INCREASE IN REVENUE AND EARNINGS IN Q3 FY 2024. FURTHER IMPROVEMENT EXPECTED IN Q4 FY 2024. FULL-YEAR FORECAST WELL WITHIN THE PREVIOUSLY GUIDED RANGE
OUTLOOK 2024: ADJUSTED GROSS MARGIN IS EXPECTED TO BE IN LOW-FORTIES PERCENTAGE RANGE
OUTLOOK 2024: INVESTMENTS ARE PLANNED AT AROUND EUR 2.8 BILLION
ASSUMING AN EXCHANGE RATE OF US$1.10 TO EURO, REVENUE OF AROUND EUR 4.0 BILLION EXPECTED
OUTLOOK 2024: SEGMENT RESULT MARGIN IS FORECAST TO BE AROUND 20 PERCENT
OUTLOOK FOR Q4 FY 2024: ASSUMING AN EXCHANGE RATE OF US$1.10 TO EURO, REVENUE OF AROUND EUR 4.0 BILLION EXPECTED
OUTLOOK Q4 2024: SEGMENT RESULT MARGIN IS FORECAST TO BE AROUND 20 PERCENT
ASSUMING AN EXCHANGE RATE OF US$1.10 TO EURO, INFINEON EXPECTS TO GENERATE REVENUE OF AROUND EUR 4.0 BILLION IN Q4 OF 2024 FISCAL YEAR
Q4 OUTLOOK: IT IS ANTICIPATED THAT REVENUE WILL INCREASE IN ALL FOUR SEGMENTS COMPARED WITH PRECEDING QUARTER.
IN Q3 OF 2024 FISCAL YEAR, OPERATING PROFIT IMPROVED TO EUR 519 MILLION
Q4 OUTLOOK: IT IS EXPECTED THAT SEGMENT RESULT MARGIN WILL BE AROUND 20 PERCENT
Source text for Eikon: ID:nEQ4BNPgYa
Further company coverage: [IFXGn.DE]
(Gdansk Newsroom)
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