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Alpha and Omega Semi Up 14.49% To $43.29 After Earnings Beat

Thursday, August 11, 2022 11:40 AM | InvestorsObserver Analysts
Alpha and Omega Semi Up 14.49% To $43.29 After Earnings Beat

Alpha and Omega Semi (AOSL) said after close Wednesday that it earned $0.95 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $194 million, beating estimates by $4 million.

In the same quarter a year ago, the company earned $0.95 per share on revenue of $177.3 million.

The stock is up 14.49% to $43.29 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Alpha and Omega Semi a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 45. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Alpha & Omega Semiconductor Ltd designs, develops and supplies a portfolio of power semiconductors targeting various applications, including personal computers, flat-panel TVs, LED lighting, smartphones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers and telecommunications equipment. It generates revenue mainly from the sale of power semiconductors, consisting of power discretes and power ICs with a presence in Hong Kong, China, South Korea, the United States, and other countries.

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