Applied Optoelectronics (NASDAQ:AAOI) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Applied Optoelectronics beat estimated earnings by 6.45%, reporting an EPS of $-0.29 versus an estimate of $-0.31.
Revenue was up $2.54 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 15.02% drop in the share price the next day.
Here's a look at Applied Optoelectronics's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.22 | -0.28 | -0.18 | -0.27 |
| EPS Actual | -0.20 | -0.20 | -0.15 | -0.21 |
| Revenue Estimate | 53.01M | 53.70M | 54.12M | 49.35M |
| Revenue Actual | 54.41M | 53.27M | 54.19M | 49.70M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Applied Optoelectronics management provided guidance for Q2 2022, expecting earnings between $-0.34 and $-0.3 per share.
To track all earnings releases for Applied Optoelectronics visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
