Recap: Applied Optoelectronics Q3 Earnings
Portfolio Pulse from Benzinga Insights
Applied Optoelectronics (NASDAQ:AAOI) reported Q3 earnings with an EPS of $-0.05, in line with estimates. Revenue was up $5.85 million from the same period last year. Last quarter, the company beat EPS estimates by $0.07, which led to a 67.07% increase in the share price the next day.
November 09, 2023 | 9:35 pm
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Applied Optoelectronics reported Q3 earnings in line with estimates, and a significant YoY revenue increase. Previous positive earnings surprise led to a substantial share price increase.
Applied Optoelectronics' Q3 earnings were in line with estimates, which is generally seen as a positive sign by investors. Additionally, the company reported a significant increase in revenue compared to the same period last year. Given that the company's share price increased significantly after it beat earnings estimates last quarter, this earnings report could also have a positive impact on the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100