Alpha and Omega Semiconductor falls on dour Q3 revenue outlook, Q2 results

Alpha and Omega Semiconductor

07/02/2023 13:41

** Shares of chipmaker Alpha and Omega Semiconductor
 AOSL.O  down 11.23% at $32.01 premarket
    ** Stock on track to open at its lowest in more than a week
    ** Q3 revenue to be approx $130 million, plus or minus $5
million - AOSL 
    ** Analysts', on average, expecting revenue of $168.8 mln -
Refinitiv IBES data
    ** Co reports Q2 adj EPS of 67 cents, missing Wall Street's
consensus of 88 cents
    ** Reports Q2 rev of $188.8 mln, declining from $193.3 mln a
year earlier and missing expectations of $196.7 mln
    ** Up to last close, stock had risen 26.2% YTD; stock lost
52.8% of its value in 2022
 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))