POWAY, Calif. (AP) _ Cohu Inc. (COHU) on Monday reported a second-quarter loss of $19.3 million, after reporting a profit in the same period a year earlier.
The Poway, California-based company said it had a loss of 47 cents per share. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The maker of semiconductor test equipment posted revenue of $150 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $154.2 million.
Cohu shares have fallen 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.31, a decline of 46% in the last 12 months.