Cohu Reports Net Loss of $2.1M for 2nd QuarterMonday, July 30, 2012
Cohu Inc., the Poway maker of semiconductor testing equipment, reported a second quarter net loss of $2.1 million on $59.4 in revenue, compared with a net profit of $5.1 million on $80.9 million revenue in the like quarter of 2011.
For the first six months, Cohu reported a net loss of $5.3 million on revenue of $112.7 million, compared with a net profit of $11.6 million on revenue of $170.6 million in the previous year.
The company noted that orders for its testing equipment were up 44 percent from the first quarter, and the highest since the second quarter of 2011.
Cohu’s board of directors approved a quarterly dividend of 6 cents per share payable Oct. 26 to shareholders of record as of Aug. 31. The company has paid quarterly dividends since 1977.
Shares of Cohu, traded on Nasdaq under its name, closed July 26 down a penny at $8.71 and have ranged from $8.51 to $14.16 over the past 52 weeks.