Infineon Technologies AG said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to 8 euro cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.
EPS increased 46.5% year over year from 6 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €93.1 million, an increase of 46.1% from €63.8 million in the prior-year period.
The normalized profit margin increased to 8.5% from 6.5% in the year-earlier period.
Total revenue rose 14.6% year over year to €1.13 billion from €984.0 million, and total operating expenses climbed 11.3% from the prior-year period to €975.0 million from €876.0 million.
Reported net income rose 53.1% year over year to €134.7 million, or 12 cents per share, from €88.0 million, or 8 cents per share.
