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Cohu Reports Third Quarter 2012 Operating Results

Stocks in this article: COHU

Cohu, Inc. (NASDAQ:COHU) today reported fiscal 2012 third quarter net sales of $57.7 million and GAAP net loss of $1.7 million or $0.07 per share. Net sales for the first nine months of 2012 were $170.4 million and GAAP net loss was $7.1 million or $0.29 per share.

The Company also reported non-GAAP results, with third quarter 2012 net loss of $0.7 million or $0.03 per share and net loss of $2.4 million or $0.10 per share for the first nine months of 2012.

             
GAAP Results      
  Q3 FY 2012 Q2 FY 2012 Q3 FY 2011
Net sales $ 57.7 million $ 59.4 million $ 71.8 million
Net income (loss) $ (1.7) million $ (2.1) million $ 3.4 million
Income (loss) per share $(0.07) $(0.09) $0.14
 

9 Months 2012

9 Months 2011
Net sales $ 170.4 million $ 242.4 million
Net income (loss) $ (7.1) million $ 15.0 million
  Income (loss) per share   $(0.29)   $0.61    
               
Non-GAAP Results
Q3 FY 2012 Q2 FY 2012 Q3 FY 2011
Non-GAAP net income (loss) $ (0.7) million $ (0.2) million $ 5.1 million
Non-GAAP income (loss) per share $(0.03) $(0.01) $0.21
 
9 Months 2012 9 Months 2011
Non-GAAP net income (loss) $ (2.4) million $ 20.6 million
  Non-GAAP income (loss) per share   $(0.10)   $0.84    

Sales of semiconductor equipment accounted for 81% of fiscal 2012 third quarter sales. Microwave communications equipment and video cameras and related equipment contributed 12% and 7%, respectively, for the same period.

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