Cohu Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Cohu Inc. (COHU) released earnings for its second quarter that advanced from last year.

The company's bottom line came in at $11.6 million, or $0.39 per share. This compares with $10.7 million, or $0.37 per share, in last year's second quarter.

Excluding items, Cohu Inc. reported adjusted earnings of $18.8 million or $0.64 per share for the period.

Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.3% to $99.8 million from $93.9 million last year.

Cohu Inc. earnings at a glance:

-Earnings (Q2): $18.8 Mln. vs. $13.8 Mln. last year. -EPS (Q2): $0.64 vs. $0.48 last year. -Analysts Estimate: $0.47 -Revenue (Q2): $99.8 Mln vs. $93.9 Mln last year.