Benzinga | Aug 6, 2020 04:13PM EDT

Applied Optoelectronics Q2 Adj. EPS $(0.24) Beats $(0.25) Estimate, Sales $65.20M Beat $57.05M Estimate

Applied Optoelectronics (NASDAQ:AAOI) reported quarterly losses of $(0.24) per share which beat the analyst consensus estimate of $(0.25) by 4 percent. This is a 7.69 percent increase over losses of $(0.26) per share from the same period last year. The company reported quarterly sales of $65.20 million which beat the analyst consensus estimate of $57.05 million by 14.29 percent. This is a 50.19 percent increase over sales of $43.41 million the same period last year.