Osram Shares Tumble as 2016 Outlook Disappoints Investors
- Stock falls most since initial public offering in July 2013
- Morgan Stanley sees 35 percent fall in earnings next year
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Osram Licht AG shares fell the most since a spinoff from Siemens AG more than two years ago after analysts said the lighting company’s outlook for 2016 was worse than they expected.
Comparable revenue will decline next year, while adjusted earnings will suffer from increased spending on research and development, Munich-based Osram said in a statement released after markets closed on Tuesday. The company expects to pay a dividend of at least 90 euro cents per share, the amount issued this year.