Cohu Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - Cohu Inc. (COHU) announced a profit for third quarter that fell from the same period last year.

The company's earnings came in at $4.8 million, or $0.16 per share. This compares with $8.8 million, or $0.30 per share, in last year's third quarter.

Excluding items, Cohu Inc. reported adjusted earnings of $9.0 million or $0.30 per share for the period.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.0% to $86.2 million from $93.7 million last year.

Cohu Inc. earnings at a glance:

-Earnings (Q3): $9.0 Mln. vs. $12.6 Mln. last year. -EPS (Q3): $0.30 vs. $0.43 last year. -Analysts Estimate: $0.38 -Revenue (Q3): $86.2 Mln vs. $93.7 Mln last year.