Why O2Micro International Stock Fell Today
The stock of O2Micro International (NASDAQ: OIIM) fell today after the company reported its fourth-quarter 2020 results. Earnings per share outpaced Wall Street's expectations, but the company's sales during the quarter fell short of analysts' consensus estimate.
The tech stock was down by 11% as of 1:31 p.m. EST on Friday.
O2Micro reported fourth-quarter sales of $23.2 million, up 30% year over year, which narrowly missed Wall Street's estimate of $23.3 million. But the company's fully diluted EPS of $0.14 beat the consensus estimate of $0.10.
Source Fool.com
