SUGAR LAND, Texas (AP) _ Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $16.8 million in its first quarter.

The Sugar Land, Texas-based company said it had a loss of 83 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 44 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.

The maker of fiber optic products used by cable TV providers posted revenue of $40.5 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $45 million.

For the current quarter ending in July, Applied Optoelectronics expects its results to range from a loss of 28 cents per share to a loss of 20 cents per share.

The company said it expects revenue in the range of $55 million to $60 million for the fiscal second quarter.

Applied Optoelectronics shares have climbed nearly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.20, a rise of 1% in the last 12 months.

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

Automated Insights, source Associated Press News