(Reuters) – Austrian semiconductor manufacturer ams OSRAM on Thursday forecast lower revenue in the fourth quarter due to uncertainty in the global automotive demand outlook, after posting third-quarter revenue below expectations.
The company posted revenue of 881 million euros ($946.46 million) for the third quarter, down 3% from a year earlier and below analysts’ forecast of 875.7 million euros in a poll by Vara Research.
It expects revenue in a range of 810 million to 910 million euros for the fourth quarter, compared to 908 million euros in the same period a year earlier.
($1 = 0.9308 euros)
(Reporting by Ozan Ergenay and Nathan Vifflin; Editing by Christopher Cushing)
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