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

AXT

02/05/2024 22:23

* AXT Inc  AXTI.OQ  reported a quarterly adjusted loss of 5
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -8
cents.  The mean expectation of five analysts for the quarter
was for a loss of 8 cents per share. Wall Street expected
results to range from -11 cents to -6 cents per share.
    * Revenue rose 16.9% to $22.69 million from a year ago;
analysts
expected $21.56 million. 
    * The company reported a quarterly loss of $2.08 million.
    * AXT Inc shares had fallen by 37.0% this quarter and
gained 20.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 36.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"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 $5.50 
This summary was machine generated from LSEG data May 2 at 09:22
p.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
 Mar. 31 2024      -0.08          -0.05          Beat
 Dec. 31 2023      -0.15          -0.09          Beat
 Sep. 30 2023      -0.12          -0.14          Missed
 Jun. 30 2023      -0.13          -0.12          Beat