Cohu Third Quarter 2024 Earnings: EPS Misses Expectations

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).

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. See our latest analysis on Cohu's balance sheet health.

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