Applied Optoelectronics Sees Q1 2024 Adj. EPS $(0.33)-$(0.28) Vs $(0.01) Est.; Revenue $41M-$46M Vs $66.180M Est.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics anticipates a significant decrease in its Q1 2024 adjusted EPS, forecasting a range of $(0.33)-$(0.28) compared to the $(0.01) estimate. Additionally, the company expects its revenue to be between $41M-$46M, which is substantially lower than the estimated $66.180M.
February 22, 2024 | 10:16 pm
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Applied Optoelectronics projects a significant decrease in Q1 2024 adjusted EPS and revenue, far below analyst estimates.
The projected decrease in both adjusted EPS and revenue for Applied Optoelectronics is significant compared to analyst estimates, indicating potential challenges ahead for the company. This news is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100