AAOI

APPLIED OPTOELECTRONICS INC

32.8700
USD
5.42%
32.8700
USD
5.42%
22.5400 66.2300
52 weeks
52 weeks

Mkt Cap 647.47M

Shares Out 19.70M

new Chat
Send me real-time posts from this site at my email

Applied Optoelectronics (AAOI) Stock Soars on Higher Q3 Outlook

NEW YORK (TheStreet) -- Shares of Applied Optoelectronics (AAOI) were surging 14.24% to $19.89 in late-afternoon trading on Wednesday as the Sugar Land, TX-based fiber-optic networking products company raised its fiscal 2016 third quarter outlook.

The company now projects revenue to be in the range of $63 million to $65 million, compared to its prior estimates of $56 million to $59 million. Analysts are looking for $59.06 million in revenue.

Diluted earnings per share are forecast to be between 26 cents to 29 cents per share...


More