AXT Q2 2024 GAAP EPS $(0.04) Beats $(0.06) Estimate, Sales $27.923M Beat $26.318M Estimate
Portfolio Pulse from Benzinga Newsdesk
AXT (NASDAQ:AXTI) reported Q2 2024 GAAP EPS of $(0.04), beating the $(0.06) estimate. Sales were $27.923M, surpassing the $26.318M estimate. This represents a significant improvement over the same period last year.
August 01, 2024 | 8:28 pm
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AXT reported better-than-expected Q2 2024 results with GAAP EPS of $(0.04) beating the $(0.06) estimate and sales of $27.923M surpassing the $26.318M estimate. This indicates a significant improvement over the same period last year.
AXT's better-than-expected earnings and sales figures, along with significant year-over-year improvements, are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100