O2Micro International Limited (OIIM) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS
O2Micro International Limited (NASDAQ:OIIM) issued its quarterly earnings results on Wednesday. The electronics maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03, Briefing.com reports. O2Micro International Limited had a positive return on equity of 0.01% and a negative net margin of 2.59%. The firm had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $15.20 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year.
Shares of O2Micro International Limited (NASDAQ OIIM) traded down 8.8251% on Wednesday, reaching $1.8276. The company had a trading volume of 24,935 shares. O2Micro International Limited has a 12 month low of $1.45 and a 12 month high of $2.80. The stock’s market cap is $47.23 million. The stock has a 50-day moving average price of $1.76 and a 200-day moving average price of $1.89.
Separately, ValuEngine cut O2Micro International Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd.
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O2Micro International Limited Company Profile
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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