AXT Inc (NASDAQ:AXTI) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.01 per share.
Looking ahead, the full year income are expected at $ 0.04 per share on the revenues of $ 91.81 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 23.50 million ~ $ 24.50 million
Click Here For More Historical Outlooks Of AXT Inc
Previous Quarter Performance
AXT Inc recorded income for the second quarter of $ 0.01 per share, from the revenue of $ 22.13 million. The quarterly earnings down 75.00 percent compared with the same quarter last year. Wall street analysts are predicting, AXTI to report 2Q20 loss of $ 0.01 per share from revenue of $ 21.68 million. The bottom line results beat street analysts by $ 0.02 or 200.00 percent, at the same time, top line results outshined analysts by $ 0.45 million or 2.08 percent.
Stock Performance
Shares of AXT Inc traded up $ 0.09 or 1.55 percent on Tuesday, reaching $ 5.89 with volume of 379.60 thousand shares. AXT Inc has traded high as $ 6.08 and has cracked $ 5.77 on the downward trend
According to the previous trading day, closing price of $ 5.89, representing a 213.51 % increase from the 52 week low of $ 1.85 and a 14.83 % decrease over the 52 week high of $ 6.81.
The company has a market capital of $ 241.47 million and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 6th October 2020, downgraded by B. Riley to Neutral from Buy rating.
Conference Call
AXT Inc will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.axt.com
AXT, Inc. researches, develops, and produces compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology.
