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Applied Optoelectronics: 4Q Earnings Snapshot

SUGAR LAND, Texas (AP) _ Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $35.4 million in its fourth quarter.

On a per-share basis, the Sugar Land, Texas-based company said it had a loss of $1.76. Losses, adjusted for pretax expenses and non-recurring costs, came to 18 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

The maker of fiber optic products used by cable TV providers posted revenue of $48.7 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $48.1 million.

For the year, the company reported that its loss widened to $66 million, or $3.31 per share. Revenue was reported as $190.9 million.

For the current quarter ending in April, Applied Optoelectronics expects its results to range from a loss of 41 cents per share to a loss of 34 cents per share.

The company said it expects revenue in the range of $43 million to $47 million for the fiscal first quarter.

Applied Optoelectronics shares have fallen 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.56, a drop of 42% 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