Alpha and Omega: Jumps on raising Q1 sales forecast

Alpha and Omega Semiconductor

05/10/2020 15:06

** Shares of chipmaker  AOSL.O  up as much as 16% at $15.16
in morning trade - highest in over a year
    ** AOSL raises Q1 revenue forecast to between $148 mln and
$152 mln, above previous range of between $134 mln and $138 mln
 urn:newsml:reuters.com:*:nBwbBwbFpa
    ** Co says it expects profit to 'significantly exceed'
analysts' average estimate due to high demand from computing and
consumer markets 
    ** AOSL plans to release Q1 results in early Nov. 
    ** Including session's gains, stock up ~9% this year

 (Reporting by Tiyashi Datta and Munsif Vengattil in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))