0823 GMT - Infineon Technologies' weak forecasts for fiscal 2025 minimize the risks of guidance cuts in the coming months, Jefferies analysts write in a research note. The German chip maker lowered its sales guidance three times in fiscal 2024 as it navigates a semiconductor market downturn. The company expects a slight decline in revenue in the fiscal year to the end of September 2025 from 14.96 billion euros in fiscal 2024. Infineon also anticipates a segment result margin in the mid-to-high-teens percentage range compared with 20.8% in fiscal 2024. Infineon shares trade 0.7% lower at 29.56 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
November 12, 2024 03:23 ET (08:23 GMT)
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