0928 GMT - Investors in Infineon Technologies had anticipated weak guidance for fiscal 2025, J.P. Morgan analysts write in a research note. The German chip maker is forecasting lower sales and a lower margin in the year to the end of September 2025. "This guidance is much below consensus figures but essentially what investors were expecting in our opinion," the analysts say. Infineon's forecasts show the company expects a much stronger second half than normal as the inventory glut that is pervading the industry should be over by then, they add. Infineon shares trade 1.1% higher at 30.08 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
November 12, 2024 04:28 ET (09:28 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments