0957 GMT - ASM International's sales guidance for the year looks conservative after the company issued first-quarter sales projections above market expectations, Citi analysts write in a research note. The Dutch supplier of semiconductor tools continues to expect revenue between 3.2 billion euros and 3.6 billion euros this year. It also expects revenue between 810 million euros and 850 million euros in the first quarter, a range the analysts say is 3% above consensus. The upper end of the company's 2025 guidance looks achievable, the analysts say, assuming 5% sequential growth in 2Q from the 1Q midpoint guidance and a roughly 12% increase from the first half to the second half. ASM International shares trade 0.6% lower at 547.20 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 04:57 ET (09:57 GMT)
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