Infineon Q1 revenue comes in slightly below expectations


FILE PHOTO A close-up of a the Infineon microcontroller kit in Munich February 21 2019. REUTERSAndreas Gebert

FILE PHOTO: A close-up of a the Infineon microcontroller kit in Munich, February 21, 2019. REUTERS/Andreas Gebert

BERLIN (Reuters) -Infineon, a leading supplier of microchips to the auto industry, on Thursday bumped up its segment result margin outlook for fiscal 2023 to adjust for currency effects as it came in slightly below revenue expectations for its first quarter.

The Munich-based company's revenue fell 5% from the previous quarter to 3.95 billion euros ($4.35 billion) in the quarter ending Dec. 31, slightly under the 4 billion euros expected in a poll of analysts by Vara Research published on Jan. 24.

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