Investing.com - O2Micro reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
O2Micro announced earnings per share of $0.1165 on revenue of $26.21M. Analysts polled by Investing.com anticipated EPS of $0.1 on revenue of $24.1M.
O2Micro shares are down 18.74% from the beginning of the year, still down 33.69% from its 52 week high of $11.25 set on January 22. They are under-performing the Nasdaq which is up 13.84% from the start of the year.
O2Micro shares gained 5.07% in intra-day trade following the report.
O2Micro follows other major Technology sector earnings this month
O2Micro's report follows an earnings missed by Taiwan Semiconductor on July 15, who reported EPS of $0.929 on revenue of $13.35B, compared to forecasts EPS of $0.9296 on revenue of $13.23B.
Snap had beat expectations on July 22 with second quarter EPS of $-0.1 on revenue of $982.11M, compared to forecast for EPS of $-0.1814 on revenue of $845.61M.
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