AXT Inc (AXTI) Tops Q3 EPS by 9c; Guides Above for Q4
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- AXT Inc (AXTI) Tops Q3 EPS by 9c; Guides Above for Q4
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AXT Inc (NASDAQ: AXTI) reports Q3 EPS of $0.07, 9 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $16.8 million, which compares to the estimate of $14.42 million.
AXT estimates revenue for the fourth quarter will increase to between $17.0 million and $17.5 million. The company estimates that net income per share will be between $0.03 and $0.05, which takes into account a weighted average share count of approximately 31.7 million shares. (Consensus is $16.03M and $0.00, respectively)
(NOTE - only 1 analyst covers stock)
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