- Germany
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- XTRA:IFX
Infineon Technologies Third Quarter 2024 Earnings: Misses Expectations
Infineon Technologies (ETR:IFX) Third Quarter 2024 Results
Key Financial Results
- Revenue: €3.70b (down 9.5% from 3Q 2023).
- Net income: €397.0m (down 52% from 3Q 2023).
- Profit margin: 11% (down from 20% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: €0.31 (down from €0.64 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Infineon Technologies Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany.
Performance of the German Semiconductor industry.
The company's shares are down 5.9% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Infineon Technologies' balance sheet and an in-depth analysis of the company's financial position.
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About XTRA:IFX
Infineon Technologies
Designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide.
Excellent balance sheet and good value.
