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.
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