Cohu Q2 2024 Adj. EPS $(0.01) Beats $(0.02) Estimate, Sales $104.701M Miss $105.121M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cohu (NASDAQ:COHU) reported Q2 2024 adjusted EPS of $(0.01), beating the estimate of $(0.02), but sales of $104.701M missed the $105.121M estimate. EPS decreased by 102.08% and sales by 38.02% compared to the same period last year.
July 31, 2024 | 8:08 pm
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Cohu's Q2 2024 adjusted EPS of $(0.01) beat the estimate of $(0.02), but sales of $104.701M missed the $105.121M estimate. EPS decreased by 102.08% and sales by 38.02% compared to the same period last year.
Cohu's earnings beat expectations, but the significant year-over-year decline in both EPS and sales, along with the sales miss, may create mixed reactions in the market. The short-term impact on the stock price is likely to be neutral as investors weigh the positive EPS beat against the negative sales miss and overall decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100