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Cohu: 2Q Earnings Snapshot

August 5, 2019

POWAY, Calif. (AP) _ Cohu Inc. (COHU) on Monday reported a second-quarter loss of $19.3 million, after reporting a profit in the same period a year earlier.

The Poway, California-based company said it had a loss of 47 cents per share. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The maker of semiconductor test equipment posted revenue of $150 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $154.2 million.

Cohu shares have fallen 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.31, a decline of 46% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COHU at https://www.zacks.com/ap/COHU

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