BE Semicondutor: Jumps on Q4 revenue beat amid strong demand

Kulicke And Soffa Industries

19/02/2021 08:45

(Adds share move, milestones, analysts comments)
    ** Shares in BE Semiconductor  BESI.AS  rise 3.8% after
initially rising as much as 8%, as the Dutch semiconductor maker
posted Q4 numbers above its guidance and said it saw revenue
soaring in Q1  urn:newsml:reuters.com:*:nL8N2KP0OM
    ** BESI said it sees strength in customer demand as the
orders the company has so far received in Q1 already exceeded
total bookings for Q4
    ** "The comments on the bookings for Q1 are suggesting that
Q2 will also be better than expected", adds Banque Degroof
Petercam analyst Michael Roeg, adding it is hard to model
predictions for this market 
    ** "Off to a very good start", says KBC Securities, as the
results beat the street’s revenue and EBIT estimates by 5% and
13% respectively
    ** The company expects Q1 revenue to rise 30-40% from Q4,
sees growth to be driven by 5G network expansion 
    ** The guidance for the first quarter is "miles ahead of
consensus forecast of +5%", KBC adds
    ** BESI shares rise to record high 65.3 euros 
 

 ((boleslaw.lasocki@tr.com;
anait.miridzhanian@thomsonreuters.com))