Applied Optoelectronics shares are trading lower after the company issued weak Q2 guidance.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics shares are trading lower following the company's announcement of weak Q2 guidance.
May 10, 2024 | 10:45 am
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Applied Optoelectronics announced weak Q2 guidance, leading to a decrease in its share price.
The announcement of weak Q2 guidance directly impacts investor sentiment and the stock price of Applied Optoelectronics. Typically, negative guidance can lead to a decrease in stock price as it reflects potential future earnings weakness.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100