NasdaqGM:AAOICommunications
Applied Optoelectronics (AAOI) Stock Faces A Hype Check After Record Sales
Applied Optoelectronics stock jumped 9% to US$135.44 into the earnings close, which suggests investors were leaning bullish before they even read the fine print. The headline is simple. The company reported record Q2 revenue of US$191.9m and moved to non GAAP profitability with US$5.5m in net income. For a stock that has swung sharply over the past three months, that combination of rapid top line growth and a clean non GAAP profit is the kind of result that can significantly influence...