Applied Optoelectronics (NASDAQ: AAOI) reported Q1 EPS of ($0.21), $0.06 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $49.7 million versus the consensus estimate of $49.35 million.

“Market dynamics played out as we expected, and we are pleased to deliver results in line with our expectations,” said Dr. Thompson Lin, Applied Optoelectronics Inc. Founder, President and Chief Executive Officer. “While we continue to see softness in our datacenter business, we are encouraged by the recovery that we saw in the telecom market and by the continued strength in our CATV business. We delivered a record first quarter for our CATV business, and we ended the quarter with a strong backlog of CATV products which we expect to continue to drive growth in this segment going forward.”

GUIDANCE:

Applied Optoelectronics sees Q2 2020 EPS of ($0.14)-($0.21), versus the consensus of ($0.18). Applied Optoelectronics sees Q2 2020 revenue of $51-56 million, versus the consensus of $57.4 million.

For earnings history and earnings-related data on Applied Optoelectronics (AAOI) click here.