What's Going On With Cohu Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Cohu, Inc reported a 22.2% YoY decline in Q2 net sales to $168.92 million, slightly beating the consensus of $165.95 million. Non-GAAP EPS of $0.48 also beat the consensus of $0.43. The company expects Q3 sales of $150 million, below the consensus of $174.66 million. Following the announcement, COHU shares traded lower by 5.35%.
August 04, 2023 | 2:03 pm
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NEGATIVE IMPACT
Cohu's Q2 results beat consensus but the company's Q3 sales forecast is below expectations. This has led to a drop in the company's stock price.
Cohu's Q2 results were better than expected, which is generally positive for the stock. However, the company's Q3 sales forecast is below the market consensus, which is a negative signal for investors and could lead to selling pressure. This is likely the reason for the drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100