Applied Optoelectronics Q2 2024 Adj. EPS $(0.28) Beats $(0.29) Estimate, Sales $43.300M Miss $44.143M Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics (NASDAQ:AAOI) reported a Q2 2024 adjusted EPS of $(0.28), beating the estimate of $(0.29). However, sales of $43.3M missed the $44.143M estimate. Sales increased by 4.05% year-over-year.
August 06, 2024 | 8:06 pm
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Applied Optoelectronics reported a Q2 2024 adjusted EPS of $(0.28), beating the estimate of $(0.29). However, sales of $43.3M missed the $44.143M estimate. Sales increased by 4.05% year-over-year.
The EPS beat is a positive sign, but the sales miss and the relatively small year-over-year sales increase may neutralize the impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100