Needham & Company Reiterates Strong Buy on Applied Optoelectronics (AAOI) Following 1Q
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Applied Optoelectronics Reports First Quarter 2018 Results
May 8, 2018 4:05 PM EDTSUGAR LAND, Texas, May 08, 2018 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced financial results for its first quarter ended March 31, 2018.
We achieved revenue in the first quarter of $65.2 million, which was slightly below our guidance as we were unable to complete some orders in the quarter due to higher than expected employee turnover in our China factory as a result of the Lunar New Year... More
