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0 0.00361317747077566 0 0.00106269925611046 0.000212539851222062 0.0078639744952178 -0.00956429330499475 -0.0225292242295431
Stock impact report

Applied Opto stock spikes higher after earnings beat [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
Applied Opto stock spikes higher after earnings beat Shares in Applied Optoelectronics Inc. AAOI, -4.49% experienced a strong rebound in late trading Tuesday, after the company reported an earnings beat. The optical-networking company reported second-quarter profit of $8 million, or 40 cents a share, on sales of $87.8 million, down from $117.4 million a year ago. After adjusting for stock-based compensation and other effects, the company claimed earnings of 64 cents a share, down from $1.54 a share a year ago. Analysts on average expected adjusted earnings of 44 cents a share on revenue of $77.8 million, according to FactSet. Applied Opto guided for earnings of 39 cents a share to 52 cents a share on sales of $75 million to $81 million. "We are pleased with our second quarter results, which were driven by increased demand for our market-leading datacenter products," Chief Executive Thompson Lin said in Tuesday's release. Shares jumped about 19% in late trading, after closing with a Show less Read more
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