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Technology Stocks : Semi Equipment Analysis
SOXX 289.38-3.4%Nov 13 4:00 PM EST
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From: Donald Wennerstrom3/13/2019 7:29:39 PM
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COHU responded negatively today after their earnings report AH yesterday.

Cohu beats by $0.05, misses on revs; guides Q1 revs below consensus
4:07 PM ET 3/12/19 | Briefing.com

Reports Q4 (Dec) earnings of $0.24 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $0.19; revenues rose 103% year/year to $170.6 mln vs the $173.5 mln S&P Capital IQ Consensus.

Co issues downside guidance for Q1, sees Q1 revs of $145 mln vs. $167.37 mln S&P Capital IQ Consensus, reflecting soft industry conditions.

"We have accelerated the integration of Xcerra, announced plans to consolidate facilities and end manufacturing of certain test handlers, and expect to deliver the initial $20 million annual run-rate cost synergies within the first-year post-acquisition and achieve our goal of $40 million within three to five years."

At the end of today, COHU closed down -1.26(-7.16%)
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