AAOI halted, will re-open in ~8 minutes. The company has announced some preliminary Q3 results, which "fell short of prior estimates and were negatively impacted by lower than expected sales to one of our large datacenter customers. Despite this shortfall, we maintained a strong gross margin profile in the quarter, and continued to experience solid demand with our other top datacenter customers." It's announcing revenue of $88M-$89M, down from its previous outlook for $107M-$115M (and consensus for $111.5M); gross margin in the range of 43.5%-44.5%, and non-GAAP EPS of $1.04-$1.09 -- down from previous forecasts for $1.30-$1.43 (and below consensus for $1.31). It's holding a conference call to discuss these preliminary results at 4:30 p.m. ET. Applied Opto will resume after-hours trading at 4:35 p.m.
Dow, S&P amd Nasdaq all hitting new ATH today Looks like the CPI and the retail sales this morning drove the long term interest rates and the dollar down
I've heard that the Fed usually tries to avoid raising rates in December, I think the discussion was saying that consumer spending is anomalous that month. Any truth to that?
Dunno about how thats been in the past, but I know this year the odds are overwhelmingly tilted to the Fed coming out with a rate hike in December. (see here http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html) If you come across any info that would suggest the Fed not raising rates, it would make for a an interesting contrarian play.