AXT: Q4 Earnings Insights

AXT AXTI reported its Q4 earnings results on Thursday, February 22, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

AXT beat estimated earnings by 40.0%, reporting an EPS of $-0.09 versus an estimate of $-0.15.

Revenue was down $6.37 million from the same period last year.

Last quarter the company missed on EPS by $0.02 which was followed by a 9.76% increase in the share price the next day.

Here's a look at AXT's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	-0.12	-0.13	-0.13	0.02
EPS Actual	-0.14	-0.12	-0.08	0.03
Revenue Estimate	18.02M	20.02M	20.06M	28.91M
Revenue Actual	17.37M	18.59M	19.41M	26.80M

To track all earnings releases for AXT visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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