Cohu Expects Q1'24 Sales Of $107M+/- $6M; Est $118.98M
Portfolio Pulse from Benzinga Newsdesk
Cohu, Inc. forecasts Q1'24 sales to be around $107 million, plus or minus $6 million, which is below the estimated $118.98 million. President and CEO Luis Müller indicates a subdued demand for systems in the near-term but anticipates a recovery in the second half of 2024.
February 15, 2024 | 9:09 pm
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Cohu forecasts lower-than-expected Q1'24 sales at $107M +/- $6M, against estimates of $118.98M, with an anticipated recovery in H2 2024.
Cohu's forecast of lower-than-expected sales for Q1'24 suggests a potential short-term negative impact on its stock price. The anticipation of subdued demand in the near-term, as mentioned by the CEO, could lead to investor caution. However, the mention of a recovery in the second half of 2024 provides a longer-term positive outlook, which might mitigate some immediate negative reactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100