Published on 30 Apr 2024 on Zacks via Yahoo Finance
AXT AXTI is scheduled to report first-quarter 2024 results on May 2.AXT initially expected net sales to be $20-$22 million in the first quarter of 2024. The company later revised its guidance on Apr 8, 2024, and announced that it now expects revenues to increase by $22.4-$22.7 million, exceeding the company’s prior guidance.For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $21 million, indicating an improvement of 8.19% from the year-ago period’s reported figure.Non-GAAP earnings are anticipated to be 6-8 cents per share. The consensus mark for loss has remained unchanged at 8 cents in the past 30 days.
AXT Inc Price and EPS Surprise