Brief: Alpha And Omega Semiconductor Reports Second Quarter 2020 Results

Alpha and Omega Semiconductor

05/02/2020 23:30

Feb 5 (Reuters) - Alpha and Omega Semiconductor Ltd
 AOSL.O :
    * ALPHA AND OMEGA SEMICONDUCTOR REPORTS FINANCIAL RESULTS
FOR THE
FISCAL SECOND QUARTER OF 2020 ENDED DECEMBER 31, 2019
    * Q2 NON-GAAP EARNINGS PER SHARE $0.23
    * Q2 GAAP LOSS PER SHARE $0.04
    * Q2 REVENUE $117.9 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$119.1 MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $0.23 -- REFINITIV IBES
DATA
    * ALPHA AND OMEGA SEMICONDUCTOR - DOJ RECENTLY COMMENCED
INVESTIGATION INTO COMPLIANCE WITH EXPORT CONTROL REGULATIONS
RELATING TO SOME HUAWEI DEALS
    * COOPERATING FULLY WITH FEDERAL AUTHORITIES IN
INVESTIGATION
    * ALPHA AND OMEGA SEMICONDUCTOR - DOC HAS REQUESTED CO TO
SUSPEND
SHIPMENTS OF ITS PRODUCTS TO HUAWEI, CO IS WORKING WITH DOC TO
RESOLVE ISSUE
    * ALPHA AND OMEGA SEMICONDUCTOR - EXPECT FINANCIAL
PERFORMANCE IN
MARCH QUARTER WILL BE NEGATIVELY IMPACTED BY HUAWEI SHIPMENT
INTERRUPTION
    * EXPECT FINANCIAL PERFORMANCE IN MARCH QUARTER WILL BE
IMPACTED
BY FEES INCURRED IN CONNECTION WITH INVESTIGATION
    * SALES TO OTHER NON-HUAWEI CUSTOMERS ARE EXPECTED TO
CONTINUE,
UNAFFECTED BY DOC ORDER.
    * ALPHA AND OMEGA SEMICONDUCTOR - EXPECT WEAKER THAN NORMAL
SEASONALITY IN Q3 ON ESTIMATED PRODUCTION LOSS IN CHINA DUE TO
CORONAVIRUS OUTBREAK AS WELL
    * SEES Q3 2020 REVENUE $106 MILLION TO $110 MILLION
    * ALPHA AND OMEGA SEMICONDUCTOR SEES LOSS OF PRODUCTION DUE
TO
CORONAVIRUS, EXTENDED CHINESE NY HOLIDAY WILL REDUCE REVENUE BY
$6 MILLION TO $7 MILLION IN Q3
    * Q3 REVENUE VIEW $118.7 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw57Hvsra 
Further company coverage:  AOSL.O 

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