In This Article:
SUGAR LAND, Texas (AP) — SUGAR LAND, Texas (AP) — Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $9.2 million in its first quarter.
On a per-share basis, the Sugar Land, Texas-based company said it had a loss of 18 cents. Losses, adjusted for pretax expenses and stock option expense, came to 2 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The maker of fiber optic products used by cable TV providers posted revenue of $99.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $99.7 million.
Applied Optoelectronics shares have dropped 60% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.76, a climb of 36% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAOI at https://www.zacks.com/ap/AAOI