Alpha & Omega Q2 Adj EPS $0.24 Beats $0.15 Estimate, Sales $165.28M Beat $165.00M Estimate
Portfolio Pulse from totan@benzinga.com
Alpha & Omega (NASDAQ:AOSL) reported Q2 adjusted EPS of $0.24, surpassing the $0.15 estimate, with sales of $165.28M also beating the $165.00M estimate. However, this represents a 64.18% decrease in earnings and a 12.44% decrease in sales from the same period last year.
February 06, 2024 | 9:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Alpha & Omega reported a significant beat on both earnings and sales estimates for Q2, with EPS at $0.24 against a $0.15 estimate and sales at $165.28M against a $165.00M estimate.
Beating both earnings and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. Despite the year-on-year decreases, the significant beat on analyst expectations for Q2 is likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100