Cohu Expects Q2 Sales Of $105M +/- $6M, Est $108.11M
Portfolio Pulse from Benzinga Newsdesk
Cohu Inc. has provided guidance for its Q2 sales, expecting them to be around $105 million, plus or minus $6 million, which is below the estimated $108.11 million.
May 02, 2024 | 8:48 pm
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Cohu Inc. expects Q2 sales to be around $105 million, plus or minus $6 million, falling short of the estimated $108.11 million.
Cohu Inc.'s announcement of expected Q2 sales falling below the estimated figures suggests a potential negative impact on investor sentiment and possibly the stock price in the short term. This deviation from expectations could lead to a decrease in stock value as investors adjust their positions based on the new sales guidance.
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