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Oct. 22, 2019, 2:16 a.m. EDT

Ams profit climbs, sees revenue rising towards end-year

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By Olivia Bugault

Ams AG said Tuesday that its third-quarter net profit rose and it expects revenue to increase during the last three months of the year.

The Swiss technology company /zigman2/quotes/204183137/delayed AT:AMS -5.31%  posted net profit of $158 million during the period, up from $65.8 million last year. Revenue rose 41% to $645 million.

The company said that results were driven by its consumer solutions unit and good performance in the smartphone market.

Ams expects to book revenue of between $610 million and $650 million during its fourth quarter, which would represent a 28% year-on-year increase at the midpoint.

/zigman2/quotes/204183137/delayed
AT : Austria: Vienna
8.06
-0.45 -5.31%
Volume: 30,498
Aug. 17, 2022 5:32p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€2.23 billion
Rev. per Employee
€204,172
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