FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — AXT Inc. (AXTI) on Thursday reported a loss of $5.1 million in its fourth quarter.
On a per-share basis, the Fremont, California-based company said it had a loss of 12 cents. Losses, adjusted for stock option expense, were 10 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The semiconductor materials supplier posted revenue of $25.1 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $23.9 million.
For the year, the company reported that its loss narrowed to $11.6 million, or 27 cents per share. Revenue was reported as $99.4 million.
In the final minutes of trading on Thursday, the company’s shares hit $2.29. A year ago, they were trading at $2.28.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXTI at https://www.zacks.com/ap/AXTI
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