Cohu (COHU) Tops Q2 EPS by 6c; Guides Q3 Sales Below the Street

Cohu (NASDAQ: COHU) reported Q2 EPS of $0.27, $0.06 better than the analyst estimate of $0.21. Revenue for the quarter came in at $75.2 million versus the consensus estimate of $73.02 million.

Cohu sees FY2015 revenue of $66 million, versus the consensus of $82.98 million.

Luis Müller, President and Chief Executive Officer of Cohu, stated, “We delivered solid financial performance in the second quarter with earnings better than forecast. We also secured several design-wins, including the acceptance of the new Eclipse handler that incorporates our proprietary T-Core thermal technology at a major test subcontractor in Korea, sale of Saturn gravity handlers to a European-headquartered customer and qualification of the NY20 turret handler for RF device testing at a major US-based semiconductor manufacturer.”

Müller concluded, “We are focused on achieving our near term financial model, executing our strategy to gain handler market share and increasing our served market as we expand into adjacent verticals of test contactors and wafer level package test.”

For earnings history and earnings-related data on Cohu (COHU) click here.

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