Infineon Technologies AG (IFX: Quote,IFNNY.PK) posted third quarter net income attributable to shareholders of 82 million euros or 0.08 euros per share versus 190 million euros or 0.17 euros per share a year ago.
Earnings per share from continuing operations fell to 0.08 euros from 0.16 euros in the same quarter last year.
Revenue declined to 990 million euros from 1.04 billion euros in the prior-year quarter.
The company also confirmed its outlook for the fourth quarter. Infineon forecasts that fourth-quarter revenue will be flat or down slightly compared with third quarter revenue and that the Segment Result Margin will be approximately 12 percent. Due to seasonal factors, PMM revenue is expected to rise whereas ATV revenue is expected to fall. CCS revenue is likely to be slightly lower than in the third quarter, while IPC revenue should remain at a similar level.
Based on the latest outlook for the fourth quarter, full-year 2012 revenue will be approximately 3 percent down from the previous year, reflecting lower revenue in the IPC and PMM segments and decreasing product and service sales in connection with the previously sold Wireline Communications and Wireless mobile phone businesses.
Previously, the company expected that full-year revenue will only fall by a low single-digit percentage rate from last year.
by RTT Staff Writer
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