Applied Optoelectronics (AAOI) Reports Q3 Loss, Tops Revenue Estimates
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Applied Optoelectronics (AAOI) reported a Q3 loss of $0.21 per share, which was larger than the Zacks Consensus Estimate of a $0.17 loss. However, the company exceeded revenue expectations.
November 08, 2024 | 12:30 am
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Applied Optoelectronics reported a larger-than-expected Q3 loss of $0.21 per share, missing the Zacks Consensus Estimate of $0.17. Despite this, the company exceeded revenue expectations.
The larger-than-expected loss per share is likely to negatively impact investor sentiment in the short term, despite the positive news of exceeding revenue expectations. The market often reacts more strongly to earnings per share results.
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