AXT Inc reports results for the quarter ended in December - Earnings Summary

AXT

23/02/2024 03:01

* AXT Inc  AXTI.OQ  reported a quarterly adjusted loss of 9
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 3
cents.  The mean expectation of five analysts for the quarter
was for a loss of 15 cents per share. Wall Street expected
results to range from -16 cents to -14 cents per share.
    * Revenue fell 23.8% to $20.43 million from a year ago;
analysts
expected $17.57 million. 
    * AXT Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $3.62 million.
    * AXT Inc shares had fallen by 8.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for AXT Inc is $5.00 
This summary was machine generated from LSEG data February 23 at
03:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.15          -0.09          Beat
 Sep. 30 2023      -0.12          -0.14          Missed
 Jun. 30 2023      -0.13          -0.12          Beat
 Mar. 31 2023      -0.13          -0.08          Beat