* Cohu Inc reported quarterly adjusted earnings of 1 cent per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of seven analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -3 cents to 4 cents per share.
* Revenue fell 40% to $107.61 million from a year ago; analysts expected $107.09 million.
* Cohu Inc's reported EPS for the quarter was a loss of 31 cents.
* The company reported a quarterly loss of $14.64 million.
* Cohu Inc shares had fallen by 9.0% this quarter and lost 14.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 107.4% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"
Wall Street's median 12-month price target for Cohu Inc is $36.00 This summary was machine generated from LSEG data May 3 at 08:22 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -0.01 0.01 Beat
Dec. 31 2023 0.23 0.23 Met
Sep. 30 2023 0.32 0.35 Beat
Jun. 30 2023 0.44 0.48 Beat
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