Applied Optoelectronics, Inc. ( (NASDAQ:AAOI) ) just released its latest quarterly financial results, posting adjusted earnings of 89 cents per share and revenues of $79.9 million.
Currently, AAOI is a Zacks Rank #4 (Sell), but that could change based on today’s results. The stock is currently down 11.00% to $30.75 per share in after-hours trading shortly after its earnings report was released.
Applied Optoelectronics:
Beat earnings estimates. The company posted non-GAAP earnings of $0.89 per diluted share, beating the Zacks Consensus Estimate of $0.82.
Missed revenue estimates. The company saw revenue figures of $79.9 million, missing our consensus estimate of $86.22 million.
“We achieved revenue in the fourth quarter of $79.9 million, which was slightly below our expectations due to lower demand from our datacenter customers as they continue to evolve their network architectures. While our revenue came in slightly below expectations, I am pleased with our ability to continue to generate strong gross margin even in a price sensitive market,” said CEO Dr. Thompson Lin.
For the first quarter of 2018, AAOI expects revenues in the range of $67.0 million to $71.0 million and non-GAAP earnings in the range of $0.28 to $0.34. Heading into the report, our consensus estimates were calling for Q1 revenues of $88.4 million and earnings of $0.74 per share.
Here’s a graph that looks at Applied’s recent earnings performance:
Applied Optoelectronics, Inc. Price, Consensus and EPS Surprise
Applied Optoelectronics, Inc. Price, Consensus and EPS Surprise | Applied Optoelectronics, Inc. Quote
Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company's products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure.
Check back later for our full analysis on AAOI’s earnings report!
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