Infineon lowers revenue outlook on difficult market environment [Reuters]
INFINEON TECHS AG S/ADR (IFNNY)
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Source: Reuters
BERLIN, May 7 (Reuters) - German chip manufacturer Infineon lowered its full-year outlook for revenue on Tuesday, citing a difficult market environment, particularly in the automotive sector. The company now expects revenue of 15.1 billion euros ($16.26 billion), plus or minus 400 million euros, for the year, down from its previous guidance of 16 billion euros, plus or minus 500 million euros. ($1 = 0.9288 euros) The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up Writing by Miranda Murray, Editing by Rachel More Our Standards:
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