Alpha and Omega: Set for best day in 2 years on Q4 profit beat

Alpha and Omega Semiconductor

08/08/2019 18:30

** Chipmaker's shares  AOSL.O  jump 17.3% to $10.32 after Q4
adj profit beats estimates
    ** AOSL is on pace for its best day in over 2 years 
    ** Says adj profit was helped by effective cost controls
 urn:newsml:reuters.com:*:nBw14HwkGa
    ** AOSL says despite challenges of current market conditions
and geopolitical environment, we are making solid progress
toward 2021 target of $600 mln in annual revenue 
    ** More than 244k shares traded, ~3.7x their 30-DMA
    ** Current avg rating on AOSL is "hold"; median PT $13
    ** AOSL has risen 2% this year

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Amy.CarenDaniel@thomsonreuters.com))