SUGAR LAND, Texas (AP) _ Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $18.6 million in its second quarter.
On a per-share basis, the Sugar Land, Texas-based company said it had a loss of 89 cents. Losses, adjusted for pretax expenses and stock option expense, came to 24 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
The maker of fiber optic products used by cable TV providers posted revenue of $65.2 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $56.9 million.
For the current quarter ending in October, Applied Optoelectronics expects its results to range from a loss of 20 cents per share to a loss of 3 cents per share.
The company said it expects revenue in the range of $76 million to $83 million for the fiscal third quarter.
Applied Optoelectronics shares have climbed 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.05, a climb of 49% in the last 12 months.