CORRECTION: Applied Optoelectronics Q2 Adj. EPS $0.06 Beats $0.01 Estimate, Sales $191.922M Beat $190.478M Estimate
Applied Optoelectronics (NASDAQ:AAOI) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.01 by 200 percent. This is a 137.5 percent increase over losses of $(0.16) per share
Applied Optoelectronics made way more money than experts predicted this quarter—they earned $0.06 per share instead of the expected $0.01, and also sold more stuff than people thought they would. This shows the company is doing better than people were worried about, which is good news to watch for.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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