Investing.com - O2Micro reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
O2Micro announced earnings per share of $0.09 on revenue of $24.39M. Analysts polled by Investing.com anticipated EPS of $0.0633 on revenue of $25.98M.
O2Micro shares are down 14.79% from the beginning of the year, still down 63.58% from its 52 week high of $10.60 set on February 4, 2021. They are under-performing the Nasdaq which is down 13.46% from the start of the year.
O2Micro follows other major Information Technology sector earnings this month
O2Micro's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.
Taiwan Semiconductor had beat expectations on January 13 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.
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