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AMS — ams-OSRAM AG News Story

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Austria's ams OSRAM rises after Q2, outlook beats

BUZZ-Austria's ams OSRAM rises after Q2, outlook beats

** Shares in ams OSRAM AMS.S rise 6% in pre-market trade after the Austrian sensor and semiconductor supplier reported Q2 results and Q3 outlook ahead of expectations

** Its Q2 revenue reached €805 million ($926.2 million) compared to Vara consensus of €785.4 million, while adjusted EBITDA of €136 million beat the €126.6 million expected by analysts

** It guides Q3 revenue to be between €770 million and €870 million vs consensus estimate of €802.9 million

** ZKB says it continues to see the company "on the right track"

($1 = 0.8691 euros)


(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))

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