Benzinga | Nov 5, 2020 05:44PM EST

Applied Optoelectronics Earlier Reported Q3 Adj. EPS $(0.06) Beats $(0.08) Estimate, Sales $76.61M Miss $79.00M Estimate; Sees Q4 Adj. EPS $(0.25)-$(0.19), Sales $50M-$55M vs $84M Est.

Applied Optoelectronics (NASDAQ:AAOI) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.08) by 25 percent. This is a 60 percent increase over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $76.61 million which missed the analyst consensus estimate of $79.00 million by 3.03 percent. This is a 66.24 percent increase over sales of $46.08 million the same period last year.