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Stock impact report

Applied Optoelectronics Shares Touch 52-Week Low [MarketWatch]

Applied Optoelectronics, Inc. (AAOI) 
Last applied optoelectronics, inc. earnings: 2/27 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ao-inc.com/investor-relations
Company Research Source: MarketWatch
session, following news the company will exit the S&P SmallCap 600, effective Nov. 9. At 11:32 a.m. ET, shares of Applied Optoelectronics were trading 27.78% lower, at $6.24 a share. Volume at the time topped 2.8 million shares. The company's stock touched a 52-week low of $6.16 a share earlier Friday. After the bell Thursday, S&P Dow Jones Indices said Loyalty Ventures Inc., which is being spun off from Alliance Data Systems Corp., will replace Applied Optoelectronics on the S&P SmallCap 600, adding, "Applied Optoelectronics is no longer representative of the small-cap market space." Also on Thursday, Applied Optoelectronics reported a third-quarter loss per share of 58 cents on revenue of $53.3 million. In the year-ago period, the company had a loss per share of 42 cents on revenue of $76.6 million. Applied Optoelectronics said it is expecting fourth-quarter revenue of $51 million to $55 million. Applied Optoelectronics provides fiber-optic access network products. Write Show less Read more
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