Alpha & Omega Q4 Adj EPS $0.19 Beats $0.02 Estimate, Sales $161.50M Beat $155.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alpha & Omega (NASDAQ:AOSL) reported Q4 adjusted earnings of $0.19 per share, beating the analyst consensus estimate of $0.02 by 850%. However, this is an 80% decrease from the same period last year. The company also reported quarterly sales of $161.50 million, beating the estimate of $155.63 million by 3.77%, but this is a 16.73% decrease from the same period last year.
August 09, 2023 | 8:04 pm
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Alpha & Omega's Q4 earnings and sales exceeded estimates, but both showed significant decreases compared to the same period last year.
While Alpha & Omega beat estimates for Q4, the significant decrease in both earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100