Applied Optoelectronics: Q2 Earnings Snapshot

SUGAR LAND, Texas (AP) — SUGAR LAND, Texas (AP) — Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $16.9 million in its second quarter.

The Sugar Land, Texas-based company said it had a loss of 57 cents per share. Losses, adjusted for non-recurring costs and pretax expenses, came to 21 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The maker of fiber optic products used by cable TV providers posted revenue of $41.6 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $45.4 million.

For the current quarter ending in September, Applied Optoelectronics expects its results to range from a loss of 6 cents per share to earnings of 1 cent per share.

The company said it expects revenue in the range of $60 million to $66 million for the fiscal third quarter.

Applied Optoelectronics shares have more than tripled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.59, more than tripling in the last 12 months.

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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