RTTNews | Aug 12, 2020 10:18AM EDT

10:17 Wednesday, August 12, 2020 (RTTNews.com) - Shares of Alpha and Omega Semiconductor Ltd. (AOSL) hit a 52-week high of $15.03 Wednesday morning. The stock has been trading in the range of $5.82 - $15.03 for the past one year, and is currently trading at $14.07, up $2.63 or 22.99% in the regular session.

The company reported Q4 GAAP net loss of $0.1 million or breakeven per share compared to a profit of $2.5 million or $0.10 per share last year.

On a non-GAAP basis, net income was $7.4 million or $0.29 per share, compared to $8.8 million or $0.35 per share in the piror year period.

Analysts polled by Thomson Reuters expected earnings of $0.18 per share for the quarter. Analysts' estimate typically exclude certain special items.

Revenue for the quarter increased to $122.4 million from $111.9 million generated a year ago.

For the first quarter, the company expects loss attributable to noncontrolling interest to be around $1.2 million. On a non-GAAP basis, excluding estimated production ramp-up costs related to the JV company, this item is expected to be about $0.2 million. Revenue for the quarter is expected to be in the range of $134 million - $138 million. Three Wall Street analysts estimate revenue of $125.17 million for the quarter.

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