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Infineon Soars to 13-Year High After Earnings Beat Estimates

2015-11-26 13:11:24| Semiconductors - Topix.net

Infineon Technologies AG rose to its highest in more than 13 years in Frankfurt after Germany's largest chipmaker reported fourth-quarter earnings that beat analyst estimates on growing sales from power management and security products. Infineon advanced as much as 14 percent to 13.20 euros, the highest intraday price since August 2002, after projecting that 2016 sales will grow as much as 15 percent.

Tags: high beat estimates earnings

Category:Electronics and Electrical

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