AXT: 4Q Earnings Snapshot
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.