Cohu Inc. Q3 Profit Declines 14%

(RTTNews) - Cohu Inc. (COHU) announced earnings for third quarter that fell from last year.

The company said its profit totaled $3.8 million, or $0.14 per share. This was lower than $4.4 million, or $0.17 per share, in last year's third quarter.

Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.7% to $69.3 million. This was up from $67.5 million last year.

Cohu Inc. earnings at a glance:

-Earnings (Q3): $3.8 Mln. vs. $4.4 Mln. last year. -Earnings Decline (Y-o-Y): -13.6% -EPS (Q3): $0.14 vs. $0.17 last year. -EPS Decline (Y-o-Y): -17.6% -Analysts Estimate: $0.12 -Revenue (Q3): $69.3 Mln vs. $67.5 Mln last year. -Revenue Change (Y-o-Y): 2.7%