Cohu Q1 2024 Adj EPS $0.01 Beats $(0.01) Estimate, Sales $107.600M Beat $107.086M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cohu Inc. (NASDAQ:COHU) reported Q1 2024 adjusted earnings of $0.01 per share, surpassing the consensus estimate of $(0.01), and sales of $107.600 million, slightly above the estimate of $107.086 million. However, these figures represent a significant decrease from the same period last year, with earnings down 98.21% and sales down 40.01%.
May 02, 2024 | 8:08 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cohu Inc. reported a significant beat on Q1 2024 earnings and sales estimates but also revealed a steep decline from last year's figures.
While Cohu Inc.'s earnings and sales beat may provide a short-term positive sentiment, the significant year-over-year decline in both earnings and sales could raise concerns about the company's growth trajectory and profitability, potentially offsetting the positive impact of the earnings beat in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100