Thursday, September 8, 2016

Applied Optoelectronics Inc. (AAOI) Leaped After Q3 Forecast Boosted

Applied Optoelectronics Inc. (AAOI) announced after the bell Tuesday that it now expects to report third quarter revenues of $63.0 million to $65.0 million, up from the prior outlook of $56.0 million to $59.0 million. Non-GAAP EPS is now expects to be between $0.26 and $0.29, compared to prior guidance of $0.16 to $0.21. The consensus estimates are for EPS of $0.19 and revenues of $58.16 million.

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