Applied Optoelectronics Inc (AAOI) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.06. The company posted revenue of $55.30 million in the period, compared to analysts expectations of $50.84 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Applied Optoelectronics Inc closed down -0.46 points or -3.80% at $11.64 with 1,99,390 shares getting traded on Tusday. Post opening the session at $12.12, the shares hit an intraday low of $11.6 and an intraday high of $12.3 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 20, 2016, Alan D Moore (director) purchased 105,000 shares at $10.08 per share price. According to the SEC, on Jun 1, 2016, William H Yeh (director) purchased 10,000 shares at $10.15 per share price. On May 27, 2016, Min-chu (mike) Chen (director) purchased 10,000 shares at $9.98 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.