⁍ Sensor maker AMS forecast on Tuesday a rise in revenues in the fourth quarter from the third.
⁍ The Austrian company said earlier this month its third-quarter revenue fell 13% to $564 million.
⁍ AMS said the bond’s proceeds would be used for ‘general corporate purposes
– Austrian sensor maker AMS expects revenues to rise in the fourth quarter, thanks in part to strong demand for its sensors despite the global pandemic. The company, which earlier this month bought Germany’s Osram Licht AG, sold $900 million worth of convertible bonds, Reuters reports. “AMS sees strong business momentum continuing in the fourth quarter given significant seasonal ramps and resilient demand in AMS’ consumer business, notwithstanding the ongoing global pandemic,” the company said in a statement.
Source: https://www.reuters.com/article/ams-outlook/update-1-ams-sees-pick-up-in-revenues-sells-900-mln-convertible-bond-idUSL1N2HI1HL