Infineon Technologies AG ADR

IFNNY: OTCM (USA)
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Infineon Earnings: Raising Valuation 13% to EUR 70 From EUR 62 Thanks to Data Center Strength

Infineon Technologies reported fiscal fourth-quarter revenue of EUR 4.7 billion, up 19% year over year and in line with guidance. Infineon expects December-quarter revenue of EUR 4.6 billion, up 26% year over year but slightly below the FactSet consensus estimate of EUR 4.65 billion.

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