Infineon slightly raises outlook for operating profitability after strong Q3
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FILE PHOTO: A general view of Infineon Technologies, a semiconductor producer, before a ceremony for Infineon's Smart Power Fab, in Dresden, Germany, May 2, 2023. REUTERS/Matthias Rietschel/File photo
BERLIN (Reuters) -German chipmaker Infineon's slightly raised its full-year guidance for its segment result margin on Tuesday after its quarterly figure beat a company-provided forecast.
Infineon reported a segment result margin - management's preferred measure of operating profitability - of 18% for its fiscal third quarter from April to June, beating the forecast for 15.8%.
Infineon slightly raised its full-year guidance to high-teens percentage gain in its segment result, which is adjusted for special items, up from the mid-teens range it previously projected.
(Reporting by Miranda MurrayEditing by Ludwig Burger)
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