Infineon DE0006231004 shares were volatile on Tuesday morning.

In premarket trading on Tradegate, they initially fell by around two percent following the chip manufacturer's quarterly results, before subsequently turning positive. This was most recently 1.5 percent to €34.28 compared to Monday's Xetra closing price.

Infineon's segment margin of 18 percent is well above its forecast of 15 percent, wrote analyst Janardan Menon of investment firm Jefferies in an initial assessment. This is due to an unexpectedly strong recovery in the PSS and GIP industrial segments. The company also expects above-average growth for both segments in the current quarter./bek/mis

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