Alpha and Omega: Fiscal Second Quarter Earnings Overview

Alpha and Omega Semiconductor Reports Second Quarter Financial Results

Alpha and Omega Semiconductor Ltd., headquartered in Sunnyvale, California, announced a net loss of $13.3 million for its fiscal second quarter.

The company recorded a loss of 45 cents per share. After adjusting for stock-based compensation and pretax costs, the loss narrowed to 16 cents per share.

These figures fell short of analyst projections, as a consensus of three analysts polled by Zacks Investment Research had anticipated a loss of just 8 cents per share.

Despite the earnings miss, Alpha and Omega generated $162.3 million in revenue for the quarter, surpassing the $160.7 million forecasted by analysts surveyed by Zacks.

Looking ahead to the quarter ending in March, the company expects revenue to fall between $150 million and $170 million.

Since the start of the year, Alpha and Omega’s stock price has climbed 13%. However, by the close of trading on Thursday, shares stood at $22.34, representing a 48% decline over the past year.

Financial data for this report was sourced from Zacks Investment Research.