Infineon Cuts Revenue Outlook as Carmakers' Growth Slows [BNN Bloomberg (Canada)]
INFINEON TECHS AG S/ADR (IFNNY)
NASDAQ:AMEX Investor Relations:
infineon.com/cms/en/about-infineon/investor
Company Research
Source: BNN Bloomberg
Revenue will be €15.1 billion ($16.2 billion) for the year that ends in September, plus or minus €400 million, the German chipmaker said in a statement on Tuesday. That compares to the €15.7 billion average estimate among analysts surveyed by Bloomberg. “Give or take half of the reduction is coming from automotive,” Chief Financial Officer Sven Schneider said in an interview on Bloomberg TV. “The other half is coming from a weak market environment.” The results are the latest indication semiconductor suppliers to the automotive industry have been hit by a slowdown in the market for electric vehicles. Last month, Franco-Italian rival STMicroelectronics NV said the current quarter will be a low point before it starts to recover. The weak sales come as Elon Musk's Tesla Inc. reported its first quarterly sales decline since 2020. The auto industry typically accounts for more than half of Infineon's revenue. Demand from the auto sector was still growing, although at a slower pace
Show less
Read more
Impact Snapshot
Event Time:
IFNNY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IFNNY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IFNNY alerts
High impacting INFINEON TECHS AG S/ADR news events
Weekly update
A roundup of the hottest topics
IFNNY
News
- Leopard Imaging to Launch World's First USB 3.2 Gen2 SuperSpeed Camera Powered by Infineon at Embedded Vision Summit 2024 [Yahoo! Finance]Yahoo! Finance
- German initiative looks to keep workers employed by retraining them [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- A German Initiative to Keep Workers Employed by Retraining Them [The New York Times]The New York Times
- German chipmaker Infineon to cut hundreds of jobs [Yahoo! Finance]Yahoo! Finance
- Chipmaker Infineon sees profits fall by half in Q2 [Yahoo! Finance]Yahoo! Finance