B.Riley Upgrades Applied Optoelectronics (AAOI) to Buy, 'Based on Improving Demand and Margins'

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Go back to B.Riley Upgrades Applied Optoelectronics (AAOI) to Buy, 'Based on Improving Demand and Margins'

Applied Optoelectronics (AAOI) Tops Q2 EPS by 7c; Guides Q3 Above Street

August 3, 2023 4:12 PM EDT

Applied Optoelectronics (NASDAQ: AAOI) reported Q2 EPS of ($0.21), $0.07 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $41.6 million versus the consensus estimate of $45.43 million.

GUIDANCE:

Applied Optoelectronics sees Q3 2023 EPS of ($0.06)-$0.01, versus the consensus of $0.24.... More