Applied Optoelectronics down 8% after miss, inline revenue guidance

|By:, SA News Editor

Q1 non-GAAP income of $5.6M or $0.28 per share vs. $21.8M and $1.10 a year ago. Non-GAAP gross margin of 40.0% down from 43.2%.

Revenue of $65.2M vs. $96.2M a year ago. Q2 revenue outlook is for $75M-$81M - roughly inline with estimates.

More Q2 guidance: non-GAAP gross margin of 39.5-41%; non-GAAP EPS of $0.39-$0.52.

Previously: Applied Optoelectronics misses by $0.05, misses on revenue (May 8)

AAOI -8% after hours

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