Applied Optoelectronics Reports Q2 Preliminary Results Above Its Guidance

(RTTNews) - Applied Optoelectronics Inc. (AAOI) announced certain preliminary financial results for its second quarter ended June 30, 2015. The company expects GAAP and non-GAAP net income to be in the range from $5.8 million to $6.0 million, above the prior non-GAAP outlook of $3.8 million to $4.5 million. GAAP and non-GAAP earnings per share are expected to be in the range of $0.36 to $0.38, above the prior outlook of $0.25 to $0.30 per share.

Analysts polled by Thomson Reuters expect the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items. Applied Optoelectronics expects second-quarter revenue of approximately $49.6 million, above the prior outlook of $43.0 to $45.0 million. Analysts expect revenue of $43.15 million for the quarter.

"Our better than expected results were driven by strong demand for our CATV and datacenter products as well as our ability to manufacture and ship 40Gbs transceivers ahead of plan," said Thompson Lin, Applied Optoelectronics, Inc. founder and CEO.