AXT Q4 2023 GAAP EPS $(0.09) Beats $(0.15) Estimate, Sales $20.43M Beat $17.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
AXT Inc. (NASDAQ:AXTI) reported Q4 2023 GAAP EPS of $(0.09), surpassing the $(0.15) estimate, with sales of $20.43M exceeding the $17.57M forecast. This represents a significant decrease in earnings and sales from the same period last year.
February 22, 2024 | 9:28 pm
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AXT Inc. reported better-than-expected Q4 2023 earnings and sales, with EPS of $(0.09) beating the $(0.15) estimate and sales of $20.43M exceeding the $17.57M forecast.
AXT Inc.'s better-than-expected Q4 2023 earnings and sales results are likely to positively impact investor sentiment in the short term. Beating both EPS and sales estimates significantly, despite a year-on-year decline, indicates operational efficiency and potential for recovery, which could lead to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100