AMS tops fourth-quarter revenue forecast, sees lower sales in first-quarter

Technology

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 on Tuesday reported fourth-quarter revenues above its own forecast amid strong demand for high-end smartphones but warned revenues in the first quarter would decrease.

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.

Revenue in the first quarter is expected to reach $480-520 million due to seasonality and assuming no meaningful negative impact from the coronavirus outbreak, the company said.

Reporting by Kirsti Knolle; Editing by Michael Shields

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