Recap: Applied Optoelectronics Q1 Earnings

Applied Optoelectronics AAOI reported its Q1 earnings results on Thursday, May 4, 2023 at 04:10 PM.

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

Earnings

Applied Optoelectronics missed estimated earnings by 38.89%, reporting an EPS of $-0.25 versus an estimate of $-0.18.

Revenue was up $758 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 14.14% drop in the share price the next day.

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

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.30 -0.29 -0.30 -0.31
EPS Actual -0.19 -0.26 -0.28 -0.29
Revenue Estimate 61.29M 58.83M 57.14M 52.41M
Revenue Actual 61.58M 56.69M 52.30M 52.24M

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.

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Posted In: EarningsBZI-Recaps
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