AAOI - These Analysts Cut Their Forecasts On Applied Optoelectronics After Q4 Results | Benzinga
Applied Optoelectronics, Inc. (NASDAQ: AAOI) posted results for its fourth quarter on Thursday.
Applied Optoelectronics posted adjusted earnings of 4 cents per share, versus a year-ago loss of 19 cents per share. The company’s quarterly sales came in at $60.45 million versus market estimates of $65.19 million, according to data from Benzinga Pro.
Applied Optoelectronics said it sees first-quarter adjusted loss of 33 cents to 28 cents per share, versus market estimates for a loss of 1 cent per share. The company expects revenue of $41 million to $46 million, versus expectations of $66.180 million.
"We’re pleased by the continued progress we have made in improving our ...