Published on 23 Feb 2024 on Benzinga
Shares of AXT, Inc. AXTI rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results.
AXT posted GAAP loss of 9 cents per share, compared to market expectations for a loss of 15 cents per share. The company’s quarterly sales came in at $20.43 million versus estimates of $17.57 million, according to data from Benzinga Pro.