Infineon (IFNNY) Q4 Results 'Good' - Bernstein

Bernstein analyst Pierre Ferragu commented on Infineon Technologies AG (OTC: IFNNY) following fourth fiscal quarter results which were in line with expectations and slightly ahead of consensus

Ferragu said, "Revenue momentum remained very strong and ahead of expectations. We understand that gross margins suffered from the appreciation of the Malaysian Ringgit. Overall, operating profits were ahead of consensusand in line with our expectations."

He added, "Infineon guided for 2015 to grow 8% yoy (+/-2pts) in revenues with ~14% segment margins. This is in line with our forecast and consensus on revenues but 50bps below expectations for margins."

For an analyst ratings summary and ratings history on Infineon Technologies AG click here. For more ratings news on Infineon Technologies AG click here.

Shares of Infineon Technologies AG closed at $10.10 yesterday.

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