(Corrects third paragraph to show profit more than doubled, not
rose by 26 percent, from a year earlier)
FRANKFURT, April 29 German chipmaker Infineon
said on Tuesday it now expected sales and margins to
reach at least the upper end of its target range for this year
on robust demand from its customers in automotive and industrial
The Neubiberg, southern Germany-based company had previously
said it saw revenue rising by 7-11 percent to 4.11-4.27 billion
euros ($5.7-5.9 billion) in its current year ending Sept. 30,
with a core operating profit margin of 11-14 percent.
Operating profit for its fiscal first quarter through June,
excluding special items, more than doubled from the previous
year to 146 million euros, beating even the most optimistic
estimate in a Reuters poll.
($1 = 0.7223 Euros)
(Reporting by Maria Sheahan, Editing by Edward Taylor)