AXT Inc reports results for the quarter ended June 30 - Earnings Summary

• AXT Inc AXTI reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of five analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -15 cents to -13 cents per share.

• Revenue fell 35.6% to $17.97 million from a year ago; analysts expected $19.78 million.

• AXT Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $7.01 million.

• AXT Inc shares had risen by 1.4% this quarter and lost 2.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 94.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for AXT Inc is $4.25, about 50.1% above its last closing price of $2.12

This summary was machine generated from LSEG data July 31 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)