Shares in sensor maker AMS soar after upbeat outlook
VIENNA (Reuters) – Shares in AMS jumped 20% on Wednesday after the sensor specialist said it expects the impact from the novel coronavirus to be limited in the current quarter and posted first-quarter revenues within the upper half of its forecast.
FILE PHOTO: The Logo of Austrian sensor specialist AMS is seen on their factory in Unterpremstaetten, Austria October 3, 2019. REUTERS/Leonhard Foeger
AMS, which is in the process of taking over the leading car headlight producer Osram, said consumer solutions and programs for smartphone makers remained drivers of high demand despite the…