Applied Optoelectronics Q1 2024 Adj EPS $(0.31) Misses $(0.29) Estimate, Sales $40.700M Miss $43.594M Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics (AAOI) reported Q1 2024 adjusted EPS of $(0.31), missing the $(0.29) estimate, with sales of $40.7M also missing the $43.594M estimate, marking a 23.21% decrease from the same period last year.
May 09, 2024 | 8:11 pm
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NEGATIVE IMPACT
Applied Optoelectronics reported a larger than expected loss and a significant sales miss for Q1 2024, indicating potential challenges ahead.
Missing both EPS and sales estimates, especially with a significant year-over-year sales decrease, typically leads to negative investor sentiment in the short term. The reported figures indicate underperformance against market expectations, which can result in downward pressure on the stock price as investors adjust their expectations.
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