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IFX — Infineon Technologies AG News Story

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Infineon falls as soft margins overshadow in-line sales

BUZZ-Infineon falls as soft margins overshadow in-line sales

** Shares in Infineon IFXGn.DE fall around 4% after the German chip manufacturer reported Q3 segment margin below expectations

** Infineon posts Q3 segment result of €797 million with a margin of 19.1%, compared with €668 million and 18% a year earlier, respectively

** Jefferies says the company's segment margin came in slightly below its forecast of 19.8%, even though group sales were in line in the quarter

** The brokerage also says Infineon's Q4 segment margin guidance at 23% is below its expectation of 24.4%

** The stock hits the bottom of Germany's blue-chip index .GDAXI and is among the worst performers on the pan-European STOXX 600 .STOXX index


(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))

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