AXT Inc reports results for the quarter ended in September 30 - Earnings Summary

AXT

01/11/2024 03:35

* AXT Inc  AXTI.OQ  reported a quarterly adjusted loss of 7
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -14 cents.  The mean expectation of five analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -10 cents to -6 cents per share.
    * Revenue rose 36.2% to $23.65 million from a year ago;
analysts
expected $25.99 million. 
    * AXT Inc's reported EPS for the quarter was a loss of 7
cents​.
    * The company reported a quarterly loss of $2.94 million.
    * AXT Inc shares had risen by 14.0% this quarter and
gained 15.0%
so far this year.

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 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 November 1 at
03:34 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
 Sep. 30 2024      -0.07          -0.07          Met
 Jun. 30 2024      -0.05          -0.04          Beat
 Mar. 31 2024      -0.08          -0.05          Beat
 Dec. 31 2023      -0.15          -0.09          Beat