Alpha & Omega reports Q2 EPS 32c, consensus 25c
Reports Q2 revenue $104M, consensus $102.09M. The company's CEO said, "I am pleased to report another solid quarter. Driven by the continuing momentum of our new products, AOS revenue and gross margin came in at the high end of the guidance ranges, resulting in an EPS of $0.27 on a GAAP basis and $0.32 on a non-GAAP basis for the December quarter. AOS is well positioned for its next level of growth. Through our hard work and effort in the past few years, we have established a strong core business that is profitably growing and generating cash. Now, we are stepping up investments in two growth initiatives, namely the Chongqing joint venture and our digital power business. Healthy returns from our core business are enabling these strategic investments that open the door for greater expansion in revenue and profit."