Investing.com - AXT (NASDAQ:AXTI) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
AXT announced earnings per share of $0.16 on revenue of $35.20. Analysts polled by Investing.com anticipated EPS of $0.09 on revenue of $35.48M.
AXT shares are down 18% from the beginning of the year, still down 54.63% from its 52 week high of $9.94 set on August 10.
AXT shares lost 2.88% in after-hours trade following the report.
AXT follows other major Information Technology sector earnings this month
AXT's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar