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August 13, 2014
11:08 EDTAAOIApplied Optoelectronics rallies after Q2 tops expectations
Shares of Applied Optoelectronics are moving higher after the company reported last night Q2 earnings per share of 15c, above the consensus estimate of 9c. Revenue for the quarter came in at $32.7M, above the expectation of $26.4M. For Q3, Applied Optoelectronics sees EPS of 21c-25c on revenue of $35.2M-$36.6M. For 2014, the company expects EPS of 70c-76c on revenue of $131M-$135M. AOI also announced that its CFO, James Dunn, will be leaving the company effective August 15, in order to pursue other opportunities. Dr. Stefan Murry, currently AOI's Chief Strategy Officer, has been appointed by the board to serve as CFO upon Dunn's departure. The company has also announced that Jessica Hung, who has served as AOI's controller since 2007, has been appointed to vice president of finance. Shares of Applied are up 8%, or $1.42, to $18.40 in late morning trading.
News For AAOI From The Last 14 Days
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November 13, 2014
14:36 EDTAAOIApplied Optoelectronics management to meet with Craig-Hallum
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