AXT (AXTI) Reports Q3 Loss, Lags Revenue Estimates

AXT (AXTI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of$ 0.06. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this semiconductor materials supplier would post a loss of$ 0.05 per share when it actually produced a loss of $0.02, delivering a surprise of 60%.Over the last four quarters, the company ha ...