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Tech, Media & Telecom Roundup: Market Talk - The Wall Street Journal

Author: The Wall Street Journal

Source: https://www.wsj.com/business/retail/tech-media-telecom-roundup-market-talk-3c0c89bf

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The latest Market Talks covering Technology, Media and Telecom.Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0731 GMT – Ams-Osram continues to work on its turnaround but more pressure can be expected for the share price, Bernstein analysts Sara Russo and Chris Elias say in a note.“The road ahead remains long and likely bumpy,” the analysts say, with persistent weak demand in most end markets and the need for higher levels of capex to deliver future growth.The Austria-based chip company’s third-quarter revenue and profitability are ahead of estimates and guidance, helped by cost controls and some positive one-offs, but it will take time to achieve the goals connected to the medium-term financial model, the analysts say.Ams-Osram shares closed Monday on the Zurich exchange at CHF3.13. ([email protected])Copyright ©2023 Dow Jones & Company, Inc.All Rights Reserved.87990cbe856818d5eddac44c7b1cdeb8

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