AXT Sees Q4 Adj EPS $(0.05)-(0.03) vs $(0.04) Est; Sees Sales $23.000M-25.000M vs $27.60M Est
Portfolio Pulse from Benzinga Newsdesk
AXT Inc. has provided guidance for Q4 with adjusted EPS expected to be between $(0.05) and $(0.03), which is below the analyst estimate of $(0.04). The company also anticipates sales between $23 million and $25 million, falling short of the $27.60 million estimate.
November 01, 2024 | 10:59 am
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AXT Inc. has issued Q4 guidance with lower-than-expected EPS and sales figures, which may negatively impact investor sentiment and the stock price in the short term.
The guidance provided by AXT Inc. indicates both EPS and sales are expected to be below analyst estimates. This typically results in negative investor sentiment, leading to potential short-term downward pressure on the stock price.
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