Applied Optoelectronics Q2 Swings to Adjusted Earnings, Revenue Rises; Q3 Guidance Set

MT Newswires Live08-07 04:53

Applied Optoelectronics (AAOI) reported Q2 adjusted earnings late Thursday of $0.06 per diluted share, swinging from a loss of $0.16 a year earlier.

Analysts polled by FactSet expected earnings of $0.02.

Revenue for the three months ended June 30 was $191.9 million, up from $103 million a year earlier.

Analysts expected $190.5 million.

For Q3, the company expects adjusted EPS of $0.11 to $0.26 on revenue of $255 million to $290 million.

Analysts expect EPS of $0.28 on revenue of $278.3 million.

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