Cohu Q3 Adj EPS $0.35 Beats $0.32 Estimate, Sales $150.80M Beat $150.10M Estimate
Portfolio Pulse from totan@benzinga.com
Cohu reported Q3 earnings of $0.35 per share, beating the analyst consensus estimate of $0.32 by 9.37%. However, this is a 52.7% decrease from the same period last year. The company also reported quarterly sales of $150.80 million, beating the estimate of $150.10 million by 0.47%, but this is a 27.04% decrease from last year.
November 02, 2023 | 8:21 pm
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NEUTRAL IMPACT
Cohu's Q3 earnings and sales exceeded estimates, but both showed significant decreases compared to the same period last year. This mixed result could lead to uncertainty in the market.
While Cohu beat estimates for Q3, the significant year-over-year decreases in both earnings and sales could cause concern among investors. This could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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IMPORTANCE 80
RELEVANCE 100