Cohu (COHU) Tops Q2 EPS by 1c; Guides Q3 Revs Below the Street

Cohu (NASDAQ: COHU) reported Q2 EPS of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $76.4 million versus the consensus estimate of $73.93 million.

"Second quarter results were better than forecast," said President and Chief Executive Officer Luis Müller. "Demand for our thermal handlers in automotive and computing was capped by the successful introduction of the new NY32 turret platform at large European and Japanese-based customers. We received the first order from a market leading Korean company for testing non-memory devices with the Eclipse handler and interest is growing in our contactors that are under evaluation at several customers."

GUIDANCE:

Cohu sees Q3 2016 revenue of $68 million, versus the consensus of $79.81 million.

For earnings history and earnings-related data on Cohu (COHU) click here.

You May Also Be Interested In

• American Express (AXP) down despite beating Q1 estimates on top and bottom lines
• BCB Bancorp (BCBP) Misses Q1 EPS by 2c
• Wipro (WIT) Tops Q1 EPS by 1c