POWAY, Calif. (AP) — POWAY, Calif. (AP) — Cohu Inc. (COHU) on Thursday reported a loss of $14.6 million in its first quarter.
On a per-share basis, the Poway, California-based company said it had a loss of 31 cents. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The maker of semiconductor test equipment posted revenue of $107.6 million in the period.
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