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Applied Optoelectronics Q1 Non-GAAP Loss Widens, Revenue Rises; Sets Q2 Guidance

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-- Applied Optoelectronics (AAOI) reported a Q1 non-GAAP net loss late Thursday of $0.07 per diluted share, widening from a loss of $0.02 a year earlier.

Analysts polled by FactSet expected a loss of $0.05.

Revenue for the quarter that ended March 31 was $151.1 million, up from $99.9 million a year earlier.

Analysts surveyed by FactSet expected $157 million.

The company expects Q2 non-GAAP range to be a loss per share of $0.03 to EPS of $0.03 on revenue of $180 million to $198 million. Analysts expect EPS of $0.07 and revenue of $196.7 million.

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