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Infineon Shares Soar on Narrowed Loss

Stock quotes in this article: IFX , QI  

Updated from 3:40 a.m. EST

Infineon Technologies(IFX Quote) shares were soaring Friday after the company said its first-quarter loss narrowed to 404 million euros ($517 million) as sales declined 24% on weaker demand and "inventory corrections throughout the electronics supply chain."

The quarterly loss is the German semiconductor maker's eighth-straight.

A year earlier the company reported a loss of 529 million euros. Sales in the quarter fell to 830 million euros from 1.09 billion euros a year earlier. ...

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