Investing.com - O2Micro reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
O2Micro announced earnings per share of $0.03 on revenue of $17.28M. Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $17M.
O2Micro shares are up 45.14% from the beginning of the year , still down 2.50% from its 52 week high of $2.61 set on July 31. They are outperforming the Nasdaq which is up 17.98% from the start of the year.
O2Micro shares gained 12.89% in intra-day trade following the report.
O2Micro follows other major Technology sector earnings this month
O2Micro's report follows an earnings beat by Apple on Thursday, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.02 on revenue of $51.77B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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