Applied Optoelectronics shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and issued Q3 adjusted EPS and revenue guidance above the consensus estimate.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics' shares are trading higher following the company's Q2 earnings report, which exceeded expectations. The company also provided Q3 EPS and revenue guidance above consensus estimates.
August 04, 2023 | 3:37 pm
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Applied Optoelectronics' stock is trading higher due to better-than-expected Q2 results and positive Q3 guidance.
Applied Optoelectronics reported Q2 earnings that beat expectations and issued Q3 guidance above consensus estimates. This positive financial performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100