Plus   Neg

Infineon Q1 Adj. Profit Rises YoY - Quick Facts

Infineon Technologies AG (IFNNY) reported that its fourth quarter income from continuing operations to shareholders declined year-on-year to 104 million euros from 163 million euros, previous year. Earnings per share from continuing operations was 0.08 euros compared to 0.13 euros. Adjusted net income from continuing operations attributable to shareholders increased to 262 million euros from 232 million euros. Adjusted earnings per share was 0.20 euros compared to 0.19 euros.

First quarter revenue increased to 2.49 billion euros from 2.06 billion euros, last year.

Infineon projects first quarter revenue between 2.4 billion euros and 2.7 billion euros.

For fiscal 2021, Infineon expects revenue of around 10.5 billion euros (plus or minus 5 percent). At the mid-point of the guided revenue range, year-on-year revenue would rise by around 2 billion euros.

Infineon said a proposal will be put forward to the forthcoming AGM to distribute a dividend of 0.22 euros per share for fiscal 2020, 0.05 euros less than prior year. The total dividend amount would sum up to 286 million euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
South Korea's Hyundai Motor Co. announced its decision to suspend production at its Asan plant for two days starting on Monday due to a chip shortage amid the pandemic crisis, Reuters reported. The company is experiencing trouble in supply conditions for semiconductor parts for powertrain control units. The Asan factory manufactures 300,000 vehicles, including the Sonata and Grandeur sedans, each The U.S. Department of Health and Human Services is set to expand its Health Center COVID-19 Vaccine Program to include all HRSA-funded health centers. This will increase the total number of health centers that have been invited to join the program to 1,470 nationwide from the earlier 950. McDonald's Corp. is planning to hire 25,000 workers in its restaurants across Texas in April, reports said. In a three-day event from April 13 to 15, the fast-food chain is expected to hire for crew and management positions. During these hiring days, participating McDonald's restaurants in the state will be accepting applications and interviewing job seekers.
Follow RTT