Piper Jaffray Remains Bullish as Applied Optoelectronics (AAOI) Reports 1Q In-Line with Pre-Announcement
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Applied Optoelectronics Reports First Quarter 2016 Results
May 9, 2016 4:03 PM EDTSUGAR LAND, Texas, May 09, 2016 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, and fiber-to-the-home markets, today announced financial results for its first quarter ended March 31, 2016.
Our first quarter revenue was up 67% year-over-year driven primarily by continued demand for our market-leading datacenter products. Our datacenter segment generated its fourth consecutive record quarter, with $39 million in revenue. Unfortunately, during the quarter we experienced some operational challenges in our China factory that impacted our gross margin, and we... More
