AXTI Beats Q2 EPS, Sales Estimates
AXTI beats Q2 EPS and sales estimates
Story updates
08:17:13 PM UTC
SquawkNews
AXTI Q2 adj EPS $0.19 vs. est. $0.07; Q2 sales $47.58M vs. est. $34.08M; Q2 GAAP gross margin widened to 44.9% from 29.6% in Q1 citing strong demand for data-center Optical connectivity; Q2 marked the company’s highest indium phosphide revenue on record; shares +14%
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