Cohu Rallies On Strong Revenue Growth

Shares of Cohu Inc. rallied in Tuesday's extended session after the semiconductor equipment company posted unaudited second-quarter results that beat expectations. Cohu reported preliminary second-quarter revenue of $93 million, ahead of its forecast of $86 million and beating an average estimate of $86.2 million projected by analysts in a FactSet survey. The company cited strong demand in the automobile and mobility industries for the strong revenue growth. Cohu is scheduled to release second-quarter earnings on Aug. 2. Shares rose more than 4% after hours.