Recap: AXT Q3 Earnings

AXT AXTI reported its Q3 earnings results on Thursday, October 27, 2022 at 04:05 PM.

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

AXT beat estimated earnings by 44.44%, reporting an EPS of $0.13 versus an estimate of $0.09.

Revenue was up $607 thousand from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 24.93% increase in the share price the next day.

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

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.08	0.06	0.06	0.10
EPS Actual	0.13	0.07	0.07	0.09
Revenue Estimate	40.04M	39.14M	35.57M	35.05M
Revenue Actual	39.49M	39.65M	37.73M	34.58M

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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