News
Applied Optoelectronics Reports Strong Revenue Growth but Faces Profit Concerns
Applied Optoelectronics reported a 127% increase in third-quarter revenue to $269.9 million, driven by strong data center sales. However, profit margins remained flat, and the company still posted an operating loss. Shares fell 8% in after-hours trading as investors were concerned about weak profits. The company's US expansion is also facing delays due to power issues and construction challenges.