Austria's ams OSRAM expects lower Q4 revenue amid weaker automotive demand
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Austrian semiconductor manufacturer ams OSRAM forecasts lower Q4 revenue due to weak global automotive demand, following a Q3 revenue miss.
November 07, 2024 | 7:00 am
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ams OSRAM forecasts lower Q4 revenue due to weak global automotive demand, following a Q3 revenue miss.
The announcement of lower Q4 revenue expectations due to weak automotive demand is likely to negatively impact ams OSRAM's stock price in the short term. The company's Q3 revenue also missed expectations, adding to the negative sentiment.
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