Alpha and Omega Semiconductor Reports Q1 2024 Adj. EPS $0.33 Beats $0.32 Estimate, Revenue $180.6M Beats $180.033M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alpha and Omega Semiconductor (AOSL) reported Q1 2024 adjusted EPS of $0.33, beating the estimate of $0.32. The company's revenue was $180.6M, also surpassing the estimate of $180.033M.
November 06, 2023 | 9:03 pm
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POSITIVE IMPACT
Alpha and Omega Semiconductor's Q1 2024 earnings and revenue beat estimates, which could positively impact the company's stock in the short term.
Companies that report earnings and revenue above estimates typically see a positive reaction in their stock price as this indicates better-than-expected performance. Therefore, AOSL's stock is likely to experience a positive impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100