Alliance Fiber Optic Products (AFOP) Tops Q1 EPS by 3c, Offers Q2 Guidance
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AFOP Reports Improved Financial Results in Q1 2015 With Guidance for Consecutive Sequential Increases in Q2 2015
April 22, 2015 4:05 PM EDTSUNNYVALE, Calif., April 22, 2015 (GLOBE NEWSWIRE) -- Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the fiber optic communication market, today reported its financial results for the first quarter ended March 31, 2015.
Revenues for the first quarter of 2015 were $21,663,000, a 15% increase from revenues of $18,809,000 reported in the fourth quarter of 2014 and a 13% decrease from revenues of $24,882,000 reported in the first quarter of 2014.
Net income for the quarter ended March 31, 2015 $2,926,000, or $0.16 per share, compared to net income of $1,409,000, or $0.08 per share, for the fourth... More
