Applied Optoelectronics: Q1 Earnings Snapshot

SUGAR LAND, Texas (AP) — SUGAR LAND, Texas (AP) — Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $16.3 million in its first quarter.

On a per-share basis, the Sugar Land, Texas-based company said it had a loss of 56 cents. Losses, adjusted for non-recurring costs and pretax expenses, came to 25 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The maker of fiber optic products used by cable TV providers posted revenue of $53 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $53.8 million.