Today after the close the following companies are scheduled to report earnings/already reported: EXFO.
Futures are mixed after hours: S&P 500 futures are -0.38 from the fair value of 2,549 and Nasdaq100 futures are +1.76 from fair value of 6,073.
Tomorrow morning, economic reports scheduled to be released include Index: Retail sales (08:30am ET, Consensus 1.5%), Retail Sales ex-auto (08:30am ET, Consensus 0.8%), CPI (08:30am ET, Consensus 0.6%), Core CPI (08:30am ET, Consensus 0.2%).
Tomorrow before the open the following companies are scheduled to report earnings: FHN, FRC, PNC, WFC, JBHT, BAC, DFRG.
In corporate news:
Shares of Applied Optoelectronics (AAOI) tanked here after hours after lowering third quarter guidance, falling as much as 27% to just above $43/share.
The company lowered its third quarter earnings per share guidance to $1.04-1.09 from $1.30-1.43, excluding non-recurring items, which now comes in well below current expectations. The company also lowered its revenue guidance to $88-89 mln from $107-115 million, which also now comes in well below expectations.
The company said, "Our preliminary results for the third quarter 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," said Dr. Thompson Lin, Applied Optoelectronics, Inc. founder, president and CEO. "Although we are disappointed with these preliminary results, we continue to feel good about our leadership position in advanced optics and remain optimistic based on the customer traction we are seeing with our 100G products, especially our 100G CWDM transceivers."
In current trade, shares of AAOI are down 17% at $49.00/share.