AXT: 1Q Earnings Snapshot

FREMONT, Calif. (AP) _ AXT Inc. (AXTI) on Wednesday reported a first-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Fremont, California-based company said it had a loss of 3 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The semiconductor materials supplier posted revenue of $20.2 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $20.8 million.

In the final minutes of trading on Wednesday, the company's shares hit $4.74. A year ago, they were trading at $6.25.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXTI at https://www.zacks.com/ap/AXTI