Infineon (IFX): FQ1 loss of €404M ($516M), better than the €547M loss analysts predicted. Sales...

|About: Infineon Technologies A... (IFNNY)|By:, SA News Editor
Infineon (IFX): FQ1 loss of €404M ($516M), better than the €547M loss analysts predicted. Sales fell 24% to €830M. Sees revenue down 10% sequentially. “Despite extremely challenging market conditions, our first quarter results held up reasonably well.” Shares +9.6% in Frankfurt. (PR)