Applied Optoelectronics Inc (AAOI) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $-0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.05. The company posted revenue of $50.40 million in the period, compared to analysts expectations of $51.47 million. The company’s revenue was up 66.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Applied Optoelectronics Inc closed down -0.04 points or -0.38% at $10.56 with 2,68,239 shares getting traded on Friday. Post opening the session at $10.58, the shares hit an intraday low of $10.34 and an intraday high of $10.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 21, 2016, Hung-lun (fred) Chang (officer ) sold 741 shares at $17.50 per share price. According to the SEC, on Mar 8, 2016, Chih-hsiang (thompson) Lin (President and CEO) sold 5,643 shares at $18.63 per share price. On Feb 3, 2016, Stefan J. Murry (Chief Financial Officer) sold 635 shares at $15.90 per share price, according to the Form-4 filing with the securities and exchange commission.
Applied Optoelectronics Inc. is a vertically integrated provider of fiber-optic networking products primarily for three networking end-markets: Internet data center cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration from components subassemblies and modules to turn-key equipment. The Company has three manufacturing sites: Sugar Land Texas Ningbo China and Taipei Taiwan. It designs manufactures and integrates its own analog and digital lasers using a Molecular Beam Epitaxy (MBE) fabrication process. The Company manufactures the majority of the laser chips and optical components that are used in its products.