Why Is Applied Optoelectronics (AAOI) Stock Trending Overnight? - Applied Optoelectronics (NASDAQ:AAOI)
The Texas-based optical components maker fell 7.46% after-hours after first-quarter revenue and adjusted earnings missed estimates.
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Why Is Applied Optoelectronics (AAOI) Stock Trending Overnight? - Applied Optoelectronics (NASDAQ:AAOI)
Applied Optoelectronics Inc. (NASDAQ:AAOI) shares are trending on Thursday night. AAOI shares fell 7.46% to $145.80 in after-hours trading on Thursday after the Texas-based provider of optical components announced its first-quarter results, missing analyst expectations on both revenue and earnings per share. What Does Q1 Data Say? Applied Optoelectronics posted $151.1 million in revenue for the first quarter ended Mar. 31, missing analyst estima…
Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools
The post Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools appeared first on 24/7 Wall St.. Quick Read Applied Optoelectronics (AAOI) stock plunged on profit-taking ahead of tonight’s earnings, with Coherent (COHR) and Lumentum (LITE) shares falling in a correlated sector selloff. The optics group trades together on shared AI datacenter exposure and hyperscaler customer concentration; the struct…
Applied Optoelectronics Stock Slides After Q1 Revenue Miss: AI Optics Boom Faces Wall Street Test
Applied Optoelectronics shares dropped over 10% in post-market trading Thursday after first-quarter revenue and second-quarter guidance missed analyst estimates. Quarterly revenue rose 51% to $151.1 million, but the company posted a GAAP net loss of $14.3 million. Data-center revenue more than doubled to $81.4 million. The company completed its first volume shipment of 800G products to a hyperscale customer. The post Applied Optoelectronics Stoc…
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