AXT: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
AXT (NASDAQ:AXTI) reported Q4 earnings with an EPS of $-0.09, beating estimates by 40.0% against an expected $-0.15. However, revenue decreased by $6.37 million compared to the same period last year. Despite missing EPS estimates last quarter, AXT's share price increased by 9.76% the following day. The company's past earnings performance shows a mixed trend in meeting EPS estimates and fluctuating revenues.
February 22, 2024 | 9:30 pm
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AXT reported better-than-expected Q4 earnings but saw a decrease in revenue compared to last year. The company has a history of mixed earnings performance.
AXT's better-than-expected earnings report for Q4 could lead to a positive short-term impact on its stock price, similar to the increase observed after the last quarter's earnings miss. However, the decrease in revenue and mixed past performance may temper investor enthusiasm, making the overall outlook cautiously optimistic.
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