We provide the latest news
from the world of economics and finance
(RTTNews) - Technology company Cohu Inc. (COHU), Monday announced its preliminary fourth-quarter result, where it expects revenue to be better than the estimates, despite softer demands and lower test cell utilizations. For the fourth quarter, the company expects revenue to be around $137 million, which is in line with its guidance.
On average, the analysts polled by Thomson Reuters estimated revenue of $136.02 million for the fourth quarter.
The company said that it anticipates first quarter 2024 revenue to be around 20 percent lower than the fourth quarter, as it expects demand to remain low during the period, whereas analysts estimate it to stand at $135.22 million.
Currently, Cohu's stock is sliding 1.91 percent, to $32.4 on the Nasdaq.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© 2024 Lime Trading (CY) Ltd
Lime Trading (CY) Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission in accordance with license No.281/15 issued on 25/09/2015. The "Just2Trade" trademark is owned by LimeTrading (CY) Ltd.
Registration Number: HE 341520
Address: Lime Trading (CY) Ltd
Magnum Business Center, Office 4B, Spyrou Kyprianou Avenue 78
Limassol 3076, Cyprus
Disclaimer:
All promotions, materials and information of this website may have applied conditions. Please contact the Company for further details
Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services..