AXT (AXTI) Reports Q1 Loss, Tops Revenue Estimates

AXT (AXTI) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of$ 0.13. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -46.15%. A quarter ago, it was expected that this semiconductor materials supplier would post a loss of$ 0.04 per share when it actually produced a loss of $0.10, delivering a surprise of -150%.Over the last four quarters, the company ...