Applied Optoelectronics Q2 Adj EPS $(0.21) Beats $(0.28) Estimate, Sales $41.62M Miss $45.43M Estimate
Portfolio Pulse from saritha@benzinga.com
Applied Optoelectronics reported Q2 losses of $(0.21) per share, beating the analyst consensus estimate of $(0.28) by 25%. However, the company's quarterly sales of $41.62 million missed the analyst consensus estimate of $45.43 million by 8.40%. This represents a 20.43% decrease over sales from the same period last year.
August 04, 2023 | 2:29 pm
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Applied Optoelectronics' Q2 earnings beat estimates but sales missed, indicating mixed performance.
Applied Optoelectronics' Q2 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The mixed performance could lead to uncertainty among investors, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100