Alpha and Omega Semi (AOSL) Shares Plummet as Q4 Disappoints
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Alpha and Omega Semiconductor Limited (Nasdaq: AOSL) shares are taking an early plunge today following the company's fourth quarter earnings report this morning. Shares are down 22.2% to $10.23.
AOSL posted Q410 non-GAAP EPS of $0.43, versus $0.23 reported for the same period a year ago. Revenue for the quarter was $85.5 million, compared to $77.7 million in Q209.
Additionally, revenue for the first quarter of fiscal year 2011 is expected to be in the range of $89.0 to $92.5 million, representing sequential growth of approximately 4% to 8%. Operating profit is expected to be in the range of $7.0 million to $8.0 million, which includes an estimated share-based compensation of approximately $1.6 million.
Adding to downside, Deutsche Bank also downgraded the shares today, from Buy to Hold, and cut their price target from $21 to $16.
AOSL posted Q410 non-GAAP EPS of $0.43, versus $0.23 reported for the same period a year ago. Revenue for the quarter was $85.5 million, compared to $77.7 million in Q209.
Additionally, revenue for the first quarter of fiscal year 2011 is expected to be in the range of $89.0 to $92.5 million, representing sequential growth of approximately 4% to 8%. Operating profit is expected to be in the range of $7.0 million to $8.0 million, which includes an estimated share-based compensation of approximately $1.6 million.
Adding to downside, Deutsche Bank also downgraded the shares today, from Buy to Hold, and cut their price target from $21 to $16.
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