Applied Optoelectronics Q3 Adj $(0.05), Inline, Sales $62.55M Miss $62.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics (NASDAQ:AAOI) reported Q3 losses of $(0.05) per share, meeting analyst consensus. This is an 80.77% increase over losses from the same period last year. However, the company's quarterly sales of $62.55 million missed the analyst consensus estimate of $62.61 million by 0.10%, despite being a 10.33% increase over sales from the same period last year.
November 09, 2023 | 10:13 pm
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NEGATIVE IMPACT
Applied Optoelectronics reported Q3 losses in line with estimates, but missed on sales. This could potentially impact the company's stock negatively.
While Applied Optoelectronics met EPS estimates, missing sales estimates can be seen as a negative signal by investors, potentially leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100