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AMS tops fourth-quarter revenue forecast, sees sales slowing even without coronavirus – Source Reuters Tech News

FILE PHOTO: The logo of the multinational semiconductor manufacturer AMS (Austria Mikro Systeme) is seen during a annual news conference, in Zurich, Switzerland February 6, 2018. REUTERS/Moritz Hager/File Photo

VIENNA (Reuters) – Sensor specialist AMS reported fourth-quarter revenues above its own forecast amid strong demand for high-end smartphones but warned revenues in the first quarter would fall even without negative effects from the coronavirus.

Adjusted earnings before interest and tax (EBIT) were at $184.3 million and revenue reached $655 million in the three months through December, the Austrian group which is about to take over Germany’s Osram said on Tuesday. The adjusted EBIT margin was at 28%.

AMS, generating a large chunk of revenue with sensors for Apple’s iPhones, had guided for $610-$650 million in revenues in the fourth quarter and an EBIT margin of at least 28%.

Shares in AMS were up 5.13% in JB premarket trade.

Assuming no meaningful negative impact from…

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Source Reuters Tech News

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