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Why Alpha and Omega Semiconductor Stock Surged Today

Chris Neiger, The Motley Fool
·2 min read
Why Alpha and Omega Semiconductor Stock Surged Today

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. Alpha and Omega's (AOS) sales jumped 9.4% from the year-ago quarter to $194 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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