Needham & Company Downgrades AXT, Inc. (AXTI) to Hold After Weak Q3, Guidance

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AXT, Inc. (AXTI) Reports In-Line Q3 EPS

November 1, 2012 5:45 PM EDT

AXT, Inc. (NASDAQ: AXTI) reported Q3 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $20.8 million versus the consensus estimate of $22.06 million.

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