0857 GMT - BE Semiconductor will likely see a slow second quarter, ING analyst Marc Hesselink writes in a note. The manufacturer of assembly equipment for the chip industry issued second-quarter guidance well below expectations, Hesselink says. Additionally, a weaker U.S. dollar isn't helping as the company's revenue is predominantly dollar-driven, the analyst adds. "Normally second quarter is a big quarter because of mainstream mobile applications but that market is clearly still very weak," he says. The Dutch bank expects 2025 consensus revenue numbers to decrease by 10% and EBIT by 20%. Shares are up 8.7% at 101.25 euros, as tech stocks broadly trade higher after Trump said it wasn't planning to fire Fed's Chair Jerome Powell.(najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 04:58 ET (08:58 GMT)
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