Learn more

Profits fell by a half at German semiconductor maker Infineon Technologies, according to quarterly results published on Monday. The firm reported that its third-quarter profit fell 52% to €403 million ($440 million) from last year’s €831 million. Earnings per share from continuing operations declined to €0.30 from last year’s €0.63. Adjusted earnings per share were €0.43, compared to last year’s €0.68. In the third quarter, Infineon’s generated Group revenue dropped 9% to €3.70 billion from last year’s €4.09 billion. For the fourth quarter, the company projects revenue of around €4.0 billion, …

cuu