Tuesday, May 3, 2016

Infineon Q2 Profit Climbs, Cuts FY16 Revenue Growth View; Stock Down

Shares of Infineon Technologies AG were losing around 4 percent in German trading after the manufacturer of semiconductors and system solutions reduced its revenue growth forecast for fiscal 2016. This was despite a surge in second-quarter profit with strong revenues. For the third quarter, the company projects revenue growth sequentially.

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