By Elias Schisgall
Shares of Cohu dropped after the company reported an adjusted loss in the fourth quarter, missing Wall Street expectations of an adjusted profit.
Shares were down 16% at $27.56 in pre-market trading Friday. The stock closed Thursday at $32.80, up 53% over the past year.
The company, which supplies services and products to the semiconductor industry, on Thursday reported a loss of $22.5 million, or 48 cents a share, compared to a loss of $21.4 million, or 46 cents a share, a year earlier.
On an adjusted basis, the company reported a loss of 15 cents a share. Analysts surveyed by FactSet were expecting adjusted earnings of 6 cents a share.
Net sales rose to $122.2 million, up from $94.1 million a year earlier and about in line with analyst expectations.
The company is expecting sales in the first quarter of between $115 million and $129 million at a midpoint of $122 million.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 13, 2026 09:31 ET (14:31 GMT)
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