U.S. Markets closed

Applied Optoelectronics: 4Q Earnings Snapshot

SUGAR LAND, Texas (AP) _ Applied Optoelectronics Inc. (AAOI) on Thursday reported a fourth-quarter loss of $8.6 million, after reporting a profit in the same period a year earlier.

The Sugar Land, Texas-based company said it had a loss of 43 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 2 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The maker of fiber optic products used by cable TV providers posted revenue of $58 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $60.8 million.

For the year, the company reported a loss of $2.1 million, or 11 cents per share, swinging to a loss in the period. Revenue was reported as $267.5 million.

For the current quarter ending in April, Applied Optoelectronics expects its results to range from a loss of 29 cents per share to a loss of 18 cents per share.

The company said it expects revenue in the range of $50 million to $55 million for the fiscal first quarter.

Applied Optoelectronics shares have fallen slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.60, a drop of 58 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAOI at https://www.zacks.com/ap/AAOI