US stock futures edge lower after S&P 500 hits record high; PCE data in focus
Investing.com - AXT 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 EPS of $0.09 on revenue of $35.48M.
AXT 's are down 18% and is trading at $4.38 , still down 54.63% from its 52 week high of $9.94 set on Wednesday, August 10, 2022.
AXT shares lost 2.88% to trade at $4.38 in after-hours trade 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, 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, for EPS of $2.32 on revenue of $49.86B.
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