Investing.com - BE Semiconductor reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BE Semiconductor announced earnings per share of €0.81 on revenue of €202.41M. Analysts polled by Investing.com anticipated EPS of €0.8043 on revenue of €197.88M.
BE Semiconductor shares are up 20% from the beginning of the year and are trading at €59.10 , down-from-52-week-high.They are outperforming the AEX which is down 10.5% from the start of the year.
BE Semiconductor shares lost 8.68% in intra-day trade the report.
BE Semiconductor follows other major Information Technology sector earnings this month
BE Semiconductor's report follows an earnings missed by ASML Holding on Wednesday, April 20, 2022, who reported EPS of €1.73 on revenue of €3.53B, compared to forecasts EPS of €1.75 on revenue of €3.48B.
ASM had beat expectations on Wednesday, April 20, 2022 with first quarter EPS of €2.92 on revenue of €516.94M, compared to forecast for EPS of €2.84 on revenue of €515M.
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