Shares of Alpha and Omega Semiconductor (NASDAQ: AOSL) were soaring today after the company reported better-than-expected earnings and revenue in the company's fourth quarter and issued guidance that was above Wall Street's expectations.
The semiconductor stock was up by 11.1% as of 12:16 p.m. ET.
Alpha and Omega's (AOS) sales jumped 9.4% from the year-ago quarter to $194 million. That was good enough to beat analysts' average estimate of $190 million. The semiconductor company's non-GAAP earnings per share of $0.95 were flat compared to the year-ago quarter but easily outpaced Wall Street's consensus estimate of $0.86 for the quarter.
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Why Alpha and Omega Semiconductor Stock Surged Today