Alpha & Omega falls after quarterly results, guidance miss estimates

Shares of Alpha & Omega are falling further in pre market trading on Tuesday, after reporting Q2 results and guidance that did not meet analyst consensus estimates on Monday evening. The company is currently down almost 12% to $31.95 per share in early trading. "AOS has been in business for over two decades and inventory corrections and market cycles are a natural and healthy part of our industry. Demand for more and better power management is being driven by what we call the ‘electrification of everything’. We believe this tailwind is here to stay despite this temporary headwind, and we are in an excellent position to continue to win and thrive in this market.