Cohu Expects Q3 Sales Of $95M +/- $5M; Est $107.2M
Portfolio Pulse from Benzinga Newsdesk
Cohu Inc. has announced its expected Q3 sales to be $95 million, with a margin of error of plus or minus $5 million. This is below the estimated $107.2 million.
July 31, 2024 | 8:29 pm
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Cohu Inc. has announced its expected Q3 sales to be $95 million, with a margin of error of plus or minus $5 million. This is below the estimated $107.2 million.
Cohu's announcement of expected Q3 sales being significantly lower than the estimated $107.2 million is likely to negatively impact its stock price in the short term. Investors may react to the lower-than-expected sales forecast.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100