Infineon quarterly operating profit at high end of forecasts

FRANKFURT, Aug 1 (Reuters) - German chipmaker Infineon , the top supplier of power controls to auto and industrial markets, on Tuesday posted revenue in line with forecasts while profit topped expectations in spite of a sequential decline in its autos business.

Third-quarter operating income, excluding certain items, rose 33 percent to 338 million euros ($399.7 million), compared with analyst forecasts, on average, for an increase of 27 percent to 323 million euros, according to a Reuters poll.

Revenue for the fiscal quarter ended in June rose 12.2 percent to 1.831 billion euros, Infineon said. The consensus forecast was 1.826 billion euros, an increase of 11.9 percent, according to 13 analysts polled by Reuters.

The company reaffirmed its outlook for annual revenue growth of 8 to 11 percent for its fiscal 2017 year ending in September, while it raised its aim for operating profit margin, excluding certain items, by 1 percentage point to 18 percent.

($1 = 0.8457 euros) (Reporting By Eric Auchard; Editing by Maria Sheahan)