Cohu Q4 Swings to Non-GAAP Net Loss, Net Sales Decline -- Shares Fall

MT Newswires Live
14 Feb

Cohu (COHU) reported a Q4 non-GAAP net loss late Thursday of $0.15 a share, compared with net income of $0.23 a year earlier.

Analysts polled by FactSet expected a loss of $0.11.

Net sales in the three months ended Dec. 28 fell to $94.1 million from $137.2 million a year earlier.

Analysts surveyed by FactSet expected $95.1 million.

Shares of the company fell 6.7% in recent after-hours activity.

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