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

AXT

27/10/2022 22:02

* AXT Inc  AXTI.OQ  reported quarterly adjusted earnings of
13
cents​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for earnings of
9 cents per share.
    * Revenue rose 1.8% to $35.18 million from a year ago;
analysts
expected $35.48 million. 
    * AXT Inc's reported EPS for the quarter was 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days five analysts negatively revised
earnings
estimates 
    * AXT Inc shares had fallen by 32.8% this quarter and
lost 48.9%
so far this year.
    * The company reported quarterly net income of $5.76
million.
    * Wall Street's median 12-month price target for AXT Inc is
$9.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.09           0.13           Beat
 Jun. 30 2022      0.08           0.13           Beat
 Mar. 31 2022      0.06           0.07           Beat
 Dec. 31 2021      0.06           0.07           Beat