AMS: in the dumps after Q4 results

(CercleFinance.com) - The AMS share is down 3.
5% in Zurich on Tuesday, after the Austrian group announced adjusted EPS of 1.78 dollars for Q4 2019, two cents below the consensus, despite its adjusted operating margin meeting expectations at 28%.

The Austrian semiconductor maker posted Q4 revenue that is up 37.5% at 655.3 million dollars, above its target range of 610 million to 650 million dollars.

Despite this good momentum, following this publication analysts at Oddo remain neutral on share, due to its acquisition of Osram, which is set to be completed in Q2 2020.



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