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Cohu Reports Second Quarter 2012 Operating Results

Cohu, Inc. (NASDAQ:COHU) today reported fiscal 2012 second quarter net sales of $59.4 million and GAAP net loss of $2.1 million or $0.09 per share. Net sales for the first six months of 2012 were $112.7 million and GAAP net loss was $5.3 million or $0.22 per share.

The Company also reported non-GAAP results, with second quarter 2012 net loss of $0.2 million or $0.01 per share and net loss of $1.6 million or $0.07 per share for the first six months of 2012.

GAAP Results      
  Q2 FY 2012 Q1 FY 2012 Q2 FY 2011
Net sales $ 59.4 million $ 53.3 million $ 80.9 million
Net income (loss) $ (2.1) million $ (3.2) million $ 5.1 million
Income (loss) per share $(0.09) $(0.13) $0.21
 
6 Months 2012 6 Months 2011
Net sales $ 112.7 million $ 170.6 million
Net income (loss) $ (5.3) million $ 11.6 million
  Income (loss) per share   $(0.22)   $0.47    
               
Non-GAAP Results
Q2 FY 2012 Q1 FY 2012 Q2 FY 2011
Non-GAAP net income (loss) $ (0.2) million $ (1.5) million $ 6.8 million
Non-GAAP income (loss) per share $(0.01) $(0.06) $0.28
 
6 Months 2012 6 Months 2011
Non-GAAP net income (loss) $ (1.6) million $ 15.5 million
  Non-GAAP income (loss) per share   $(0.07)   $0.63    
 

Sales of semiconductor equipment accounted for 82% of fiscal 2012 second quarter sales. Microwave communications equipment and video cameras and related equipment contributed 10% and 8%, respectively, for the same period.

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