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AXT: 4Q Earnings Snapshot

February 20, 2019

FREMONT, Calif. (AP) _ AXT Inc. (AXTI) on Wednesday reported a fourth-quarter loss of $1.1 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 3 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The semiconductor materials supplier posted revenue of $22.2 million in the period, meeting Street forecasts.

For the year, the company reported profit of $9.7 million, or 24 cents per share. Revenue was reported as $102.4 million.

In the final minutes of trading on Wednesday, the company’s shares hit $4.50. A year ago, they were trading at $8.40.

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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