Shares of Applied Optoelectronics Inc. rallied in the extended session Wednesday after the optical network equipment company forecast earnings well above its original outlook. Applied Optoelectronics shares jumped 19% to $27.08 after hours. The company expects adjusted fourth-quarter earnings of 77 cents to 82 cents a share on revenue of $84.5 million to $84.8 million. Analysts surveyed by FactSet had estimated 50 cents a share on revenue of $77.5 million, based on the company's previous earnings guidance of 46 cents to 51 cents a share on revenue of $75 million to $79 million.
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