Besi forecasts unexpected sales drop for first quarter
(Reuters) -Dutch chipmaking parts supplier BE Semiconductor Industries (Besi) forecast an unexpected sales drop for the first quarter on Thursday, as weakness in its traditional markets offsets positive AI related orders. The chip assembly equipment maker expects its quarterly sales to fall by up to 10% from the 153.4 million euros ($159.9 million) it reported for the final quarter of 2024. Degroof Petercam analyst Michael Roeg said the first quarter guidance came well below market expectations, while fourth quarter results were a broad miss, with order bookings significantly below estimates.