0929 GMT - BE Semiconductor Industries' 4Q results missed expectations and the company faces a reset of 2025 earnings expectations, but a gradual recovery seems likely from now on, ING's Marc Hesselink says in a research note. The Dutch supplier to the semiconductor industry said it is cautiously optimistic heading into 2025, with a recovery likely to start in the second half. Revenue, orders and EBIT were all below consensus expectations, but net profit was ahead due to a tax benefit, ING says. Consensus expectations on Besi's 2025 earnings could move down by around 20% after the results, but this could be the last earnings revision given that a gradual recovery out of the downturn seems likely from now on, the analyst says. Shares fall 5.6%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 20, 2025 04:29 ET (09:29 GMT)
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