AXT: Q1 Earnings Snapshot
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — AXT Inc. (AXTI) on Thursday reported a first-quarter loss of $3.3 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 8 cents. Losses, adjusted for stock option expense, were 6 cents per share.
The semiconductor materials supplier posted revenue of $19.4 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $20.1 million.
In the final minutes of trading on Thursday, the company's shares hit $3.13. A year ago, they were trading at $5.76.
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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
