May 7, 2019 / 5:40 AM / 4 months ago

Infineon confirms twice-lowered guidance for 5 pct revenue growth

FRANKFURT, May 7 (Reuters) - German chipmaker Infineon Technologies stood by its twice-lowered revenue forecast on Tuesday, as it reported flat second-quarter sales that were in line with its most recent guidance.

The maker of power chips used in cars, server farms and smartphones still expects revenue of 8 billion euros ($8.97 billion), plus or minus 2 percent, in the year to Sept. 30. That would represent a 5 percent gain from a year earlier.

$1 = 0.8920 euros Reporting by Douglas Busvine Editing by Thomas Seythal

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