Infineon released its Q3 figures which included Cypress for the first time, the earnings of which have been allocated to ATV, PSS and CSS. Overall, Q3 sales beat consensus expectations while there was a slight disappointment at the profitability level, hampered by both pandemic and Cypress-related costs. Going forward, Infineon anticipates solid growth for Q4, driven by the early signs of stabilisation as well as a one-off effect due to consolidation.
04 Aug 2020
Q3 20: slight beat on consensus and solid Q4 guidance
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Q3 20: slight beat on consensus and solid Q4 guidance
Infineon Technologies AG (IFX:WBO) | 0 0 0.5% | Mkt Cap: 25,045m
- Published:
04 Aug 2020 -
Author:
Hugo Paternoster -
Pages:
3
Infineon released its Q3 figures which included Cypress for the first time, the earnings of which have been allocated to ATV, PSS and CSS. Overall, Q3 sales beat consensus expectations while there was a slight disappointment at the profitability level, hampered by both pandemic and Cypress-related costs. Going forward, Infineon anticipates solid growth for Q4, driven by the early signs of stabilisation as well as a one-off effect due to consolidation.