ams AG (AMS.S)
16 Nov 2018
* Joins Apple suppliers feeling pressure (Adds Dialog Semiconductor, analysts, background, updates shares)
ZURICH/BERLIN, Nov 7 The Swiss blue-chip SMI was seen opening 0.2 percent higher at 9,007 points, according to premarket indications from bank Julius Baer .
NEW YORK U.S. stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session. | Video
VIENNA Apple chip supplier AMS AG disappointed investors with its fourth quarter forecast, knocking 25 percent off the value of its shares despite the Austrian firm winning deals with other smartphone makers.
* Indexes fall: Dow 1.34 pct, S&P 1.47 pct, Nasdaq 1.77 pct (Updates to open)
* Works on sensors that scan surroundings for major OEM (Adds details on medium-term outlook, CEO quotes, background)
MILAN/LONDON European shares climbed on Monday thanks to a relief rally in Italian stocks and banks after comments from Italy's finance minister eased concerns about his government's spending plans.
VIENNA Austrian chipmaker AMS said new orders for its sensors used in face recognition will lift growth in the second half of the year, sending its shares higher and brushing aside a widely expected second-quarter operating loss.
* Q2 GROUP REVENUES WERE USD 252.8 MILLION, DOWN 42% SEQUENTIALLY COMPARED TO Q1