Infineon Technologies AG : Good resilience to the current cycle despite downward revision to the guidance
>Q1 2019 results broadly in line with expectations - Yesterday morning, Infineon reported Q1 2019 results in line with forecasts. Sales came in at € 1,970m, down 4% q-o-q, a shade higher than the consensus forecast of € 1,957m. Operating profit clocked in at € 359m, giving an operating margin of 17% vs € 344m and 17.6% for the consensus. Adjusted EPS totalled € 0.24, in line with the consensus. By division, automotive was a shade lower than forecast in terms of sales ...Infineon Technologies is a semiconductor manufacturing company. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications. The Industrial Power Control segment designs, develops, manufactures and markets semiconductors for the generation, transmission and economy in the use of electrical energy. The Power Management & Multimarket segment designs, develops, manufactures and markets semiconductors for power supplies, mobile devices and mobile phone network infrastructures. The Chip Card & Security segment designs, develops, manufactures and markets semiconductor-based security products for card applications and networked systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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