Cohu Inc rises on strong Q2 revenue forecast

Cohu

12/07/2022 16:18

** Shares of Cohu Inc  COHU.O  rise as much as 4% to $26.71;
last up ~3%
    ** Company after markets close on Monday said it now expects
Q2 revenue between $216 mln and $218 mln, higher than the
previous forecast range mid-point of $213 mln  urn:newsml:reuters.com:*:nBwcMlLYa
    ** COHU in April forecast Q2 revenue between $205 mln and
$221 mln  urn:newsml:reuters.com:*:nBw6hq93a
    ** Analysts on an average expect the company to post revenue
of $216 mln, per Refinitiv IBES data
    ** COHU says Q2 ending backlog is expected to be about $342
mln
    ** Stock has fallen ~30% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam;))