Applied Optoelectronics Sees Q2 Adj. EPS $(0.34)-$(0.29) vs $(0.12) Est., Revenue $41.5M-$46.5M vs $57.19M Est.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics anticipates its Q2 adjusted EPS to be between $(0.34) and $(0.29), which is below the estimated $(0.12). The company also expects revenue to be in the range of $41.5M to $46.5M, significantly lower than the estimated $57.19M.
May 09, 2024 | 8:12 pm
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Applied Optoelectronics projects a lower Q2 adjusted EPS and revenue than expected, indicating potential financial challenges.
The projected shortfall in both EPS and revenue compared to estimates suggests that Applied Optoelectronics is facing significant financial challenges. This news is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100