COHU - Cohu +10% after main market segments led Q3 beat

Cohu (COHU) is up 9.77% after Q3 earnings report, where revenue of $150.6M (+5.0% Y/Y) beats consensus by $4.66M.Top-line exceeding company's previous guidance has taken its first 9M sales to $433.7M.Gross margin of 42.2%.GAAP loss of $6.6M or $0.16 per share. "The mobility segment continued to strengthen during third quarter with a Cohu test cell design-win, new customers for our Neon inspection platform, and the launch and accelerated ramp of our RedDragon RF module for testing 5G, Wi-Fi 6 and Ultra-Wideband devices. Improving automotive and industrial segment orders are driving a ramp in handler deliveries ahead of previous expectations, and PCB test orders were again at record highs," says president and CEO Luis Müller. Non-GAAP EPS of $0.27 beats by $0.08.The company reduced its term Loan B debt associated with the financing of the Xcerra acquisition by $17.3M. Q4 Guidance: Sales to be between $176M and $192M, compared to market consensus of $142.65M.Previously: Cohu EPS beats by $0.08, beats

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Cohu +10% after main market segments led Q3 beat