Applied Optoelectronics Inc reports results for the quarter ended June 30 - Earnings Summary

• Applied Optoelectronics Inc AAOI.OQ reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -28 cents. The mean expectation of five analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -9 cents to -6 cents per share.

• Revenue rose 137.9% to $102.95 million from a year ago; analysts expected $105.80 million.

• Applied Optoelectronics Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $9.1 million.

• Applied Optoelectronics Inc shares had fallen by 9.6% this quarter and lost 37.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.6% 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 5 "strong buy" or "buy," 2 "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 $31.00, about 28% above its last closing price of $22.33

This summary was machine generated from LSEG data August 8 at 03:42 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)