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

AXT

28/04/2022 23:39

* AXT Inc  AXTI.OQ  reported quarterly adjusted earnings of
7
cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
6 cents per share.
    * Revenue rose 26.5% to $39.65 million from a year ago; 
analysts
expected $39.14 million. 
    * AXT Inc's reported EPS for the quarter was 7 cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * AXT Inc shares had fallen by 17.9% this quarter and
lost 34.6%
so far this year.
    * The company reported quarterly net income of $3.17
million.
    * Wall Street's median 12-month price target for AXT Inc is
$13.00
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 28 at 10:39 p.m.  ​All
figures in US dollars unless otherwise stated