Cohu Q2 EPS $0.48 Beats $0.43 Estimate, Sales $168.90M Beat $165.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cohu reported Q2 earnings of $0.48 per share, beating the analyst consensus estimate of $0.43 by 11.63%. However, this is a 40.74% decrease from the same period last year. The company also reported quarterly sales of $168.90 million, beating the estimate of $165.95 million by 1.78%, but this is a 22.25% decrease from last year.
August 04, 2023 | 1:07 pm
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Cohu's Q2 earnings and sales exceeded estimates, but both showed a significant decrease compared to the same period last year.
While Cohu beat estimates for both earnings and sales, the significant decrease from the same period last year could potentially concern investors. This mixed result makes the short-term impact on the stock price uncertain.
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