Alpha & Omega Q1 2023 Adj EPS $0.33 Beats $0.32 Estimate, Sales $180.63M Beat $180.03M Estimate
Portfolio Pulse from saritha@benzinga.com
Alpha & Omega (NASDAQ:AOSL) reported Q1 2023 earnings of $0.33 per share, beating the analyst consensus estimate of $0.32 by 3.13%. However, this is a 72.5% decrease from the same period last year. The company also reported quarterly sales of $180.63 million, beating the estimate of $180.03 million by 0.33%, but this is a 13.36% decrease from the same period last year.
November 06, 2023 | 9:11 pm
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NEGATIVE IMPACT
Alpha & Omega's Q1 2023 earnings and sales beat estimates but are significantly lower than the same period last year.
While Alpha & Omega beat earnings and sales estimates, the significant year-over-year decreases in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100