Alliance Fiber Optic Products Lifts Q1 Sales Outlook - Quick Facts

(RTTNews) - Alliance Fiber Optic Products Inc. (AFOP), a supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, announced that it raised its first-quarter sales guidance.

For the first quarter of 2014, the company expects to report the sales of about $24.8 million, which represents 104% revenue increase from the year ago quarter and is 10% higher than the prior revenue guidance of $22.5 million. Analysts polled by Thomson Reuters expect the company to report revenues of $22.53 million for the first-quarter. Analysts' estimates typically exclude special items.

With this record quarterly sale, the Company expects to report record quarterly profits as well.