Cohu Inc. Reports Significant Q3 Losses and Revenue Decline

Cohu Inc. faces challenging financial performance, reporting a significant loss for Q3 2024, according to a recent report. The company also anticipates lower revenue for the upcoming quarter, raising concerns for investors.

Date: 01-11-2024

AI Rating: 3

Cohu Inc. has reported troubling financial results for Q3 2024, with earnings showing a loss of -$18.06 million compared to a profit of $3.92 million in the same period last year. The company also posted a loss per share (EPS) of -$0.39, which is a significant decline from the previous EPS of $0.08.

The negative earnings and EPS indicate a strong downward trend in the company's profitability, which can lead to a lack of investor confidence and a potential dip in stock prices. Analysts had projected a smaller loss, with expectations of -$0.07 per share, highlighting that Cohu's performance fell short of expectations.

Additionally, revenue dropped to $95.34 million, down from $150.80 million in the same quarter last year. This decline in revenue further signals issues with the company's sales performance and may raise red flags regarding future growth. Cohu Inc.'s projected revenue guidance for the next quarter ranges between $88 million and $102 million, suggesting continued uncertainty in financial performance going forward.

Overall, the combination of significant losses, negative EPS, and declining revenue suggests a concerning environment for investors, likely leading to volatility in Cohu's stock price.

Stocks: COHU