Applied Optoelectronics, Inc. (NASDAQ:AAOI) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AAOI to report 3Q20 loss of $ 0.08 per share.
For the full year, analysts anticipate top line of $ 269.28 million, while looking forward to loss of $ 0.73 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.20 ~ $ -0.03 per share, while revenues are expected in a range of $ 76.00 million ~ $ 83.00 million
Click Here For More Historical Outlooks Of Applied Optoelectronics, Inc.
Previous Quarter Performance
Applied Optoelectronics, Inc. posted loss for the second quarter of $ 0.24 per share, from the revenue of $ 65.22 million. The quarterly revenues improved 50.24 percent compared with the same quarter last year. Street analysts expected Applied Optoelectronics, Inc. to report loss of $ 0.25 per share on revenue of $ 57.28 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 4.00 percent, at the same time, top line results outshined analysts by $ 7.94 million or 13.86 percent.
Stock Performance
Shares of Applied Optoelectronics, Inc. traded low $ -0.07 or -0.77 percent on Wednesday, reaching $ 9.07 with volume of 571.20 thousand shares. Applied Optoelectronics, Inc. has traded high as $ 9.23 and has cracked $ 8.83 on the downward trend
The closing price of $ 9.07, representing a 82.80 % increase from the 52 week low of $ 5.00 and a 47.98 % decrease over the 52 week high of $ 17.57.
The company has a market capital of $ 206.56 million and is part of the Technology sector and Semiconductors industry.
Conference Call
Applied Optoelectronics, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ao-inc.com
Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment.
