Infineon narrows revenue outlook after Q3 result misses forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2024
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Source: Yahoo Finance
Infineon Revenue Outlook: Infineon reported third-quarter revenue of 3.702 billion euros, missing expectations and reflecting slow recovery in target markets; the company has adjusted its full-year revenue forecast to around 15.0 billion euros.
Market Challenges: CEO Jochen Hanebeck noted ongoing economic challenges and high inventory levels affecting demand, while the company is implementing cost-saving measures to enhance competitiveness.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
