SUGAR LAND, Texas (AP) — SUGAR LAND, Texas (AP) — Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $2 million in its fourth quarter.
The Sugar Land, Texas-based company said it had a loss of 3 cents per share. Losses, adjusted for one-time gains and costs, were 1 cent per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The maker of fiber optic products used by cable TV providers posted revenue of $134.3 million in the period, matching Street forecasts.
For the year, the company reported that its loss narrowed to $38.2 million, or 64 cents per share. Revenue was reported as $455.7 million.
For the current quarter ending in March, Applied Optoelectronics expects its per-share loss to be 9 cents.
The company said it expects revenue in the range of $150 million to $165 million for the fiscal first quarter.
Applied Optoelectronics shares have climbed 54% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $53.69, more than doubling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAOI at https://www.zacks.com/ap/AAOI
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