AXT Q3 2024 GAAP EPS $(0.07) Beats $(0.08) Estimate, Sales $23.645M Miss $25.985M Estimate
Portfolio Pulse from Benzinga Newsdesk
AXT reported a Q3 2024 GAAP EPS of $(0.07), beating the estimate of $(0.08), but sales of $23.645M missed the $25.985M estimate. EPS improved by 50% from last year, while sales increased by 36.16%.
October 31, 2024 | 8:27 pm
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AXT's Q3 2024 EPS of $(0.07) beat expectations, but sales of $23.645M fell short. EPS improved significantly from last year, indicating better cost management or operational efficiency.
AXT's earnings per share beat expectations, which is positive, but the sales miss could weigh on investor sentiment. The significant improvement in EPS from last year suggests operational improvements, but the sales miss indicates potential challenges in revenue growth.
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IMPORTANCE 80
RELEVANCE 100