Applied Optoelectronics (NASDAQ:AAOI) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Applied Optoelectronics beat estimated earnings by 6.45%, reporting an EPS of $-0.29 versus an estimate of $-0.31.

Revenue was up $2.54 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 15.02% drop in the share price the next day.

Here's a look at Applied Optoelectronics's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Applied Optoelectronics management provided guidance for Q2 2022, expecting earnings between $-0.34 and $-0.3 per share.

To track all earnings releases for Applied Optoelectronics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.