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

AXT

03/08/2023 22:54

* AXT Inc  AXTI.OQ  reported a quarterly adjusted loss of 12
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 13 cents per share.
    * Revenue fell 52.9% to $18.60 million from a year ago;
analysts
expected $20.02 million. 
    * AXT Inc's reported EPS for the quarter was a loss of 12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * AXT Inc shares had fallen by 13.1% this quarter and
lost 31.7%
so far this year.
    * The company reported a quarterly loss of $5.09 million.
    * Wall Street's median 12-month price target for AXT Inc is
$5.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:54 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.13          -0.12          Beat
 Mar. 31 2023      -0.13          -0.08          Beat
 Dec. 31 2022      0.02           0.03           Beat
 Sep. 30 2022      0.09           0.13           Beat