Applied Optoelectronics: Q1 Earnings Insights

Applied Optoelectronics 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.

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.

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:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	-0.22	-0.28	-0.18	-0.27
EPS Actual	-0.20	-0.20	-0.15	-0.21
Revenue Estimate	53.01M	53.70M	54.12M	49.35M
Revenue Actual	54.41M	53.27M	54.19M	49.70M

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).

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.