Update: AXT Q4 Non-GAAP Loss Halves While Revenue Slips; Shares Jump Premarket

MT Newswires Live

02/20

(Updates with the stock move in the headline and the second paragraph.)

AXT (AXTI) reported a Q4 non-GAAP loss late Thursday of $0.05 per diluted share, narrowing from a loss of $0.10 a year earlier.

Analysts polled by FactSet expected a loss of $0.06 per share. Shares of the company jumped 8.4% in recent premarket activity on Friday.

Revenue for the three months ended Dec. 31 was $23 million, down from $25.1 million a year earlier.

Analysts surveyed by FactSet expected $24.8 million.

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