Investing.com - O2Micro reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
O2Micro announced earnings per share of $0.02 on revenue of $22.1M. Analysts polled by Investing.com anticipated EPS of $0.015 on revenue of $21.6M.
O2Micro shares are down 20.31% from the beginning of the year and are trading at $3.610 , down-from-52-week-high.They are outperforming the Nasdaq which is down 21.45% from the start of the year.
O2Micro shares lost 5.00% in intra-day trade following the report.
O2Micro follows other major Information Technology sector earnings this month
O2Micro's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.59B.
Microsoft had missed expectations on Tuesday with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.43B.
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