0807 GMT - Infineon Technologies' guidance for fiscal 2025 is weak as demand is expected to be sluggish in the next couple of quarters, Citi analysts write in a note to clients. The German chip maker expects a slight decline in revenue in the fiscal year to the end of September 2025 from 14.96 billion euros in fiscal 2024. The forecast is below Citi's estimate of about 15.70 billion euros in sales. Infineon expects a segment result margin in the mid-to-high-teens percentage range compared with 20.8% in fiscal 2024. That forecast is also below Citi's 20.9% projection.Infineon shares trade 0.9% higher at 30.04 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
November 12, 2024 03:07 ET (08:07 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments