Infineon swings to profit, raises outlook

27 July 2010, 10:58 pm

FRANKFURT (MarketWatch) -- Germany's Infineon Technologies said Wednesday it swung to a fiscal third-quarter net profit of 126 million euros ($164 million) from a loss of 24 million euros in the same period a year ago, as it also raised its full-year forecasts. In the three months ended June 30, revenue surged 59% to 1.2 billion euros from 761 million euros. Infineon said it now expected revenue ...... Read More »

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