Cohu Inc (NASDAQ:COHU) reported worse-than-expected fourth-quarter adjusted EPS results on Thursday.
Cohu reported quarterly losses of 15 cents per share which missed the analyst consensus estimate of earnings of 6 cents per share. The company reported quarterly sales of $122.230 million which beat the analyst consensus estimate of $122.092 million.
Cohu said it sees first-quarter sales of $115.000 million-$129.000 million versus estimates of $120.136 million.
“Cohu delivered Q4 revenue of $122 million, up 30% year over year, supported by improving market fundamentals with estimated test cell utilization increasing to 76% in December. Fourth quarter recurring revenue is up 25% year-over-year driven by strong demand across services, interface solutions, and handler-related …