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Infineon Technologies profit misses consensus by 44.8% in fiscal Q2

Infineon Technologies AG said its normalized net income for the fiscal second quarter ended March 31 came to 12 euro cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.

EPS rose 39.3% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €136.3 million, a gain of 39.7% from €97.5 million in the prior-year period.

The normalized profit margin climbed to 7.7% from 6.1% in the year-earlier period.

Total revenue rose 9.7% year over year to €1.77 billion from €1.61 billion, and total operating expenses rose 7.0% on an annual basis to €1.54 billion from €1.44 billion.

Reported net income increased 12.9% year over year to €204.1 million, or 18 cents per share, from €180.8 million, or 16 cents per share.