Applied Optoelectronics Sees Q3 Adj. EPS $(0.20)-$(0.14) vs $(0.13) Est., Revenue $60M-$66M vs $64.51M Est.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics (AAOI) has released its Q3 financial guidance, projecting an adjusted EPS between $(0.20) and $(0.14), which is below the estimated $(0.13). The company also expects revenue to be in the range of $60M to $66M, compared to the estimated $64.51M.
August 06, 2024 | 8:07 pm
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Applied Optoelectronics' Q3 guidance shows a lower-than-expected adjusted EPS range of $(0.20)-$(0.14) compared to the $(0.13) estimate. Revenue is expected to be between $60M and $66M, slightly below the $64.51M estimate.
The lower-than-expected EPS guidance and slightly below-estimate revenue range are likely to negatively impact AAOI's stock price in the short term. Investors may react to the missed EPS expectations and the uncertainty in revenue projections.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100