AXT (AXTI) Reports Q2 Loss, Tops Revenue Estimates

AXT (AXTI) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this semiconductor materials supplier would post a loss of $0.08 per share when it actually produced a loss of $0.03, delivering a surprise of 62.50%.Over the last four quarters, the company ha ...