BE Semiconductor Industries N.V. Adjusts Q2-18 Revenue Guidance to +4% vs. Q1-18
BE SMCNDCTR INDUS S/ADR (BESIY)
NASDAQ:AMEX Investor Relations:
besi.com/investor-relations
Company Research
Source: GlobeNewswire
DUIVEN, The Netherlands, July 03, 2018 (GLOBE NEWSWIRE) -- BE Semiconductor Industries N.V. (the "Company" or "Besi") (Euronext Amsterdam:BESI) (OTC:BESIY) (Nasdaq International Designation), a leading manufacturer of assembly equipment for the semiconductor industry, today announced that based on a preliminary review, its Q2-18 sequential revenue growth is expected to be below its previously reported guidance range due to the cancellation at quarter end of € 28 million of die bonding orders previously expected for shipment during the quarter. The orders were by a single customer for high end smart phone applications. Such shortfall was partially offset by higher than anticipated shipments for end user market applications such as computing, automotive and other mobile devices. As a result, Besi now expects that its Q2-18 revenue will increase by approximately 4% vs. the € 154.9 million reported in Q1-18. Previously, Besi guided for a sequential revenue increase of approximately +10
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