German semiconductor maker Infineon Technologies AG (IFX, IFNNY) Thursday announced a plunge in net income for the second quarter to 33 million euros, from last year's 111 million euros, with quarterly earnings per share falling sharply to 0.03 euros, from 0.10 euros a year before.
The Group posted revenue of 918 million euros for the second quarter of fiscal 2013, down from the prior-year figure of 986 million euros.
Based on an assumed exchange rate of 1.30 US dollars to the euro, Infineon sees third-quarter revenue of around 1 billion euros, with all segments likely to contribute to revenue growth. Based on the third-quarter outlook and on first-half results, the board expects the fiscal year's revenue decline compared with the prior year at the upper end of the mid-to-high single digit percentage range announced earlier.
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