Benzinga | Oct 28, 2020 04:57PM EDT

AXT Q3 EPS $(0.87) Misses $(0.48) Estimate, Sales $1.30B Beat $900.96M Estimate

AXT (NASDAQ:AXS) reported quarterly losses of $(0.87) per share which missed the analyst consensus estimate of $(0.48) by 81.25 percent. This is a 123.08 percent decrease over losses of $(0.39) per share from the same period last year. The company reported quarterly sales of $1.30 billion which beat the analyst consensus estimate of $900.96 million by 44.29 percent. This is a 0.85 percent increase over sales of $1.29 billion the same period last year.