February 11, 2020 / 6:46 AM / 12 days ago

AMS tops Q4 revenue forecast, sees lower sales in Q1

VIENNA, Feb 11 (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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