POWAY, Calif. (AP) — POWAY, Calif. (AP) — Cohu Inc. (COHU) on Thursday reported a loss of $16.9 million in its second quarter.
The Poway, California-based company said it had a loss of 36 cents per share. Earnings, adjusted for amortization costs and stock option expense, were 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The maker of semiconductor test equipment posted revenue of $107.7 million in the period.
For the current quarter ending in September, Cohu said it expects revenue in the range of $118 million to $132 million.
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