Applied Optoelectronics Inc reports results for the quarter ended March 31 - Earnings Summary

• Applied Optoelectronics Inc AAOI.OQ reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -31 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -4 cents to -2 cents per share.

• Revenue rose 145.5% to $99.86 million from a year ago; analysts expected $99.37 million.

• Applied Optoelectronics Inc's reported EPS for the quarter was a loss of 18 cents​.

• The company reported a quarterly loss of $9.17 million.

• Applied Optoelectronics Inc shares had fallen by 8.9% this quarter and lost 62.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4,733.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for Applied Optoelectronics Inc is $36.00

This summary was machine generated from LSEG data May 9 at 02:35 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)