Cohu, Inc. (NASDAQ: COHU), a global supplier of semiconductor equipment and services, saw its stock plummet 6.71% in after-hours trading on Thursday, February 13, 2025. The sharp decline followed the company's disappointing fourth-quarter 2024 earnings results and outlook.
For the fourth quarter, Cohu reported a net loss of $21.4 million, or $(0.46) per share, widely missing analysts' estimates of a loss of $(0.12) per share. Revenue for the quarter came in at $94.1 million, missing the consensus estimate of $95.1 million.
The company attributed the weaker-than-expected results to a challenging macroeconomic environment and continued softness in the semiconductor industry. Cohu's President and CEO, Luis Müller, stated, "Systems revenue increased sequentially in Computing, Industrial and Consumer segments in a seasonally slow period. However, we are facing headwinds due to the broader economic slowdown."
Cohu's outlook for the first quarter of 2025 also raised concerns among investors. The company forecasted revenue in the range of $97 million, plus or minus $7 million, which fell short of analysts' expectations.
The disappointing results and guidance overshadowed Cohu's strategic initiatives, such as the acquisition of Tignis, Inc., a provider of artificial intelligence process control and analytics software, aimed at expanding the company's software offering.
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