AXT Q2 EPS $(0.12) Beats $(0.13) Estimate, Sales $18.59M Miss $19.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
AXT reported Q2 earnings per share of $(0.12), beating the analyst consensus estimate of $(0.13) by 7.69%. However, the company's quarterly sales of $18.59 million missed the analyst consensus estimate of $19.97 million by 6.89%. This represents a 192.31% decrease in earnings and a 52.91% decrease in sales compared to the same period last year.
August 04, 2023 | 2:42 pm
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AXT's Q2 earnings beat estimates but sales missed, with significant YoY decreases in both earnings and sales.
AXT's earnings beat estimates, which is positive. However, the company missed sales estimates and reported significant year-over-year decreases in both earnings and sales. This mixed result, combined with the significant decreases, is likely to negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100