|Day Low/High||21.76 / 21.92|
|52 Wk Low/High||13.16 / 21.72|
Infineon Technologies stock slipped in Frankfurt Thursday after the Apple AAP supplier posted poorer than expected earnings for its second fiscal quarter.
Apple surprise fall in second quarter iPhone sales has hit European suppliers to the world's biggest tech company amid concerns for demand of its flagship product.
European stocks drifted lower as investors stepped back from a global market rally after disappointing earnings from Apple and weaker U.S. car sales put investors in a cautious mood.
European tech stocks have risen nearly 12% year to date.
Infineon Technologies shares plunged Thursday after it expressed concern that its acquisition of Wolfspeed from Cree will collapse following a warning by U.S. authorities.
The company continues to enjoy a boost from its automotive business.
Automotive and industrial chips offset the declines seen in other segments.
Infineon is expected to post and earnings rebound Thursday as the German chipmaker and Tesla supplier continues to enjoy a boost from its automotive business.
European suppliers, such as Imagination Technologies, rallied on Wednesday after Apple posted better-than-expected earnings.
Imagination, Dialog, and STM investors reacted positively to the tech giant's first-quarter results.
European stocks traded lower Tuesday, but a renewed fall in the British pound helped lift the U.K. benchmark to another all-time high.
Volkswagen's plans to launch an Uber challenger lifts parts supplier shares in Frankfurt.
European markets added cautious gains at the open of trading Monday even as investors trimmed holdings in Italian stocks following Sunday's referendum result.
The chipmaker's shares weakened recently, offering an entry opportunity.
The German chipmaker predicts sales growth to the automotive sector will outstrip group expansion.
European stocks are trading cautiously at the open ahead of a key budget statement from U.K. Finance Minister Philip Hammond.
Infineon lifted its 2017 margin forecast to 17% amid the strengthening U.S. dollar.
Shares of Infineon Technologies were higher Friday because the Apple supplier is expected to report strong revenue growth next week.
Eyes on whether the chip maker can maintain growth as more rivals expand through M&As.
Uncertainty may deter some out of the U.K., but other companies continue to believe London ticks the right boxes.
The health care unit is Siemens' largest by revenue and could benefit from the change of U.S. government.
Shares in Infineon, NXP and ASML fall sharply.
Any news on the potential, and as-yet-unconfirmed, $41.5 billion transaction will eclipse third-quarter numbers.
From Allergan to Starbucks, these names look promising to TheStreet's Jack Mohr.
Linde gains in Frankfurt on renewed merger talks hope with Praxair after CFO departs.
Amazon competitor Ocado loses more than 14% as falling food prices put pressure on margins.