Cohu Third Quarter 2024 Earnings: EPS Misses Expectations

In This Article:

Cohu (NASDAQ:COHU) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$95.3m (down 37% from 3Q 2023).

  • Net loss: US$18.1m (down from US$3.92m profit in 3Q 2023).

  • US$0.39 loss per share (down from US$0.082 profit in 3Q 2023).

earnings-and-revenue-history
NasdaqGS:COHU Earnings and Revenue History November 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cohu EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 5.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Cohu's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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