Semiconductor supplier Melexis forecasts Q2 sales above estimates

Melexis, Belgium’s largest semiconductor supplier expects second-quarter sales between 242 million and 247 million euros ($259 million and $264 million), it said on Wednesday, while analysts previously estimated 242.6 million, according to a company-provided poll.

The company posted first-quarter results in line with expectations, with sales reaching 241.8 million euros. Company-provided analyst poll had expected sales of 242.3 million euros.