AXT shares are trading higher after the company issued preliminary Q1 2024 revenue results above estimates.
Portfolio Pulse from Benzinga Newsdesk
AXT shares are trading higher following the company's announcement of preliminary Q1 2024 revenue results, which exceeded estimates.
April 08, 2024 | 3:29 pm
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AXT shares are experiencing an uptick after the company announced its Q1 2024 revenue results, which were higher than expected.
The positive preliminary revenue results for Q1 2024 suggest that AXT has performed better than analysts' expectations, which typically leads to increased investor confidence and a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100