Recap: Applied Optoelectronics Q1 Earnings - Applied Optoelectronics (NASDAQ:AAOI)

Applied Optoelectronics AAOI reported its Q1 earnings results on Thursday, May 4, 2023 at 04:10 PM.

Here's what investors need to know about the announcement.

Applied Optoelectronics missed estimated earnings by 38.89%, reporting an EPS of $-0.25 versus an estimate of $-0.18.

Revenue was up $758 thousand from the same period last year.

Last quarter the company beat on EPS by $0.11 which was followed by a 14.14% drop in the share price the next day.

Here's a look at Applied Optoelectronics's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.30	-0.29	-0.30	-0.31
EPS Actual	-0.19	-0.26	-0.28	-0.29
Revenue Estimate	61.29M	58.83M	57.14M	52.41M
Revenue Actual	61.58M	56.69M	52.30M	52.24M

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.