Applied Optoelectronics rallied for a third consecutive day on Tuesday, jumping 15.76 percent to finish at $119.26 apiece, as investors began positioning their portfolios ahead of the results of its earnings performance in the second quarter of the year.
Photo from Applied Optoelectronics website
Applied Optoelectronics Inc. (NASDAQ:AAOI) is highly optimistic about its outlook for the second quarter of the year.
The company—which is scheduled to release the results on August 6—earlier said that it is targeting to report 74 to 92 percent growth in revenues in the second quarter to a range of $180 million to $198 million, versus the $103 million posted in the same period last year.
It also expects to either narrow its net loss by 72 percent to $2.5 million from $9.1 million year-on-year, or swing to a net income of up to $2.8 million.
#applied #percent
Photo from Applied Optoelectronics website
Applied Optoelectronics Inc. (NASDAQ:AAOI) is highly optimistic about its outlook for the second quarter of the year.
The company—which is scheduled to release the results on August 6—earlier said that it is targeting to report 74 to 92 percent growth in revenues in the second quarter to a range of $180 million to $198 million, versus the $103 million posted in the same period last year.
It also expects to either narrow its net loss by 72 percent to $2.5 million from $9.1 million year-on-year, or swing to a net income of up to $2.8 million.
#applied #percent
9 days ago
