Cohu (COHU) Reports Q3 Loss, Tops Revenue Estimates

Group 1 - Cohu reported a quarterly loss of $0.08 per share, aligning with the Zacks Consensus Estimate, compared to earnings of$0.35 per share a year ago [1] - The company posted revenues of $95.34 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.36$150.8 million year-over-year [2] - Cohu shares have declined approximately 26.7% since the beginning of the year, contrasting with the S&P 500's gain of 21.9% [3] Group 2 - The earnings outlook for Cohu is mixed, with the current consensus EPS estimate for the coming quarter at -$0.04 on revenues of$97.25 million, and -$0.11 on revenues of$404.55 million for the current fiscal year [7] - The Electronics - Manufacturing Machinery industry, to which Cohu belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable industry outlook [8]