BE Semiconductor Earnings, Revenue miss In Q2

  • Investing.com
BE Semiconductor Earnings, Revenue miss In Q2

Investing.com - BE Semiconductor reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

BE Semiconductor announced earnings per share of €0.9 on revenue of €213.96M. Analysts polled by Investing.com anticipated EPS of €1 on revenue of €224.98M.

BE Semiconductor shares are down 5% from the beginning of the year and are trading at €48.56 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.92% from the start of the year.

BE Semiconductor shares lost 2.41% in intra-day trade the report.

BE Semiconductor follows other major Information Technology sector earnings this month

BE Semiconductor's report follows an earnings beat by ASML Holding on Wednesday, who reported EPS of €3.54 on revenue of €5.43B, compared to forecasts EPS of €3.46 on revenue of €5.33B.

ASM had beat expectations on Wednesday with second quarter EPS of €3.28 on revenue of €559.5M, compared to forecast for EPS of €2.91 on revenue of €556.49M.

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