Why Applied Optoelectronics, Inc. Shares Skyrocketed Today [The Motley Fool]
Applied Optoelectronics, Inc. (AAOI)
Last applied optoelectronics, inc. earnings: 2/27 04:10 pm
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US:NASDAQ Investor Relations:
investors.ao-inc.com/investor-relations
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Source: The Motley Fool
The fiber-optic supplier posted a strong quarter alongside better-than-expected guidance. What happened Shares of fiber-optic network supplier Applied Optoelectronics ( NASDAQ:AAOI ) have skyrocketed today, up by 30% as of 12:20 p.m. EST, after the company reported strong fourth-quarter earnings. So what Revenue in the fourth quarter soared 60% to $84.9 million, which translated into non-GAAP earnings per share of $0.84. Both top- and bottom-line results easily beat the Street's expectations of $82.7 million in sales and an adjusted profit of $0.79 per share. Image source: Getty Images. Adjusted gross margin expanded to 38%. In a statement, founder and CEO Dr. Thompson Lin said, "AOI achieved another record year driven by strong demand for our market-leading datacenter products and continued execution by the AOI team. We believe our record performance further demonstrates our growing market share in advanced optics and our team's ability to generate manufact
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AAOI
News
- Applied Optoelectronics Announces Date of First Quarter 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Applied Optoelectronics Announces Date of First Quarter 2024 Financial Results Conference CallGlobeNewswire
- Nubis to Showcase Award-Winning 1.6Tbps Optical Module Optimized for ML/AI Clusters at OFC 2024 [Yahoo! Finance]Yahoo! Finance
- Applied Optoelectronics Tanks On Q1 2024 Outlook: Buy The Dip [Seeking Alpha]Seeking Alpha
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) was upgraded by analysts at TheStreet from a "d" rating to a "c-" rating.MarketBeat
AAOI
Earnings
- 2/22/24 - Beat
AAOI
Sec Filings
- 3/19/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- AAOI's page on the SEC website