Applied Optoelectronics: Q4 Earnings Snapshot

SUGAR LAND, Texas (AP) — SUGAR LAND, Texas (AP) — Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $13.9 million in its fourth quarter.

The Sugar Land, Texas-based company said it had a loss of 38 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The maker of fiber optic products used by cable TV providers posted revenue of $60.5 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $65.1 million.

For the year, the company reported that its loss narrowed to $56 million, or $1.75 per share. Revenue was reported as $217.6 million.

For the current quarter ending in March, Applied Optoelectronics expects its results to range from a loss of 33 cents per share to a loss of 28 cents per share.

The company said it expects revenue in the range of $41 million to $46 million for the fiscal first quarter.

Applied Optoelectronics shares have risen slightly more than 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.35, climbing sevenfold 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