Applied Optoelectronics Sees Q4 Adj. EPS $(0.02)-$(0.04) Vs $(0.04) Est.; Revenue $63M-$67M Vs $64.8M Est.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics expects Q4 adjusted EPS to be between $(0.02) and $(0.04), better than the estimated $(0.04). The company also forecasts revenue to be between $63M and $67M, compared to the estimated $64.8M.
November 09, 2023 | 10:20 pm
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POSITIVE IMPACT
Applied Optoelectronics' Q4 adjusted EPS and revenue forecasts are better than estimates, which could positively impact the company's stock.
Applied Optoelectronics' Q4 adjusted EPS and revenue forecasts are better than estimates. This positive financial performance could increase investor confidence and demand for the stock, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100