Applied Optoelectronics Q4 2023 Adj EPS $0.04 Beats undefined Estimate, Sales $60.45M Miss $65.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics (AAOI) reported Q4 2023 adjusted EPS of $0.04, surpassing the undefined analyst consensus estimate. However, its sales of $60.45M fell short of the $65.19M estimate, marking a 1.84% decrease from the same period last year.
February 22, 2024 | 9:25 pm
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Applied Optoelectronics reported a mixed Q4 2023 with an EPS beat but a miss on sales, and a slight decrease in sales compared to last year.
The EPS beat could provide some positive sentiment, but the sales miss and year-over-year decrease might temper investor enthusiasm. Given the mixed results, the short-term impact on AAOI's stock price is likely to be neutral as investors digest both the positive and negative aspects of the report.
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