Applied Optoelectronics Plunges For Second Time On September Guide

Shares in Applied Optoelectronics (AAOI) crashed for the second time in two months after the maker of optical-communications devices preannounced third-quarter earnings that missed consensus estimates by a mile.

Applied Optoelectronics plunged 15% to 49.80 in after-hours trading on the stock market today.

Applied Optoelectronics said it expects revenue of $88.5 million at the midpoint of its guidance and non-GAAP profit in a range of $1.04 to $1.09 a share. Analysts had projected revenue...

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