Key Developments For AXT Inc
AXT Inc (AXTI.O) (Consolidated Issue listed on NASDAQ Global Market)
AXT, Inc. Issues Q4 2009 Guidance Above Analysts' Estimates
AXT, Inc. announced that for fourth quarter 2009 it expects revenue in the range of $17.0 million and $17.5 million. The Company estimates that net income per share will be between $0.03 and $0.05. According to Reuters Estimates, analysts are expecting the Company to report revenue of $16.0 million and EPS of breakeven for fourth quarter 2009.
AXT, Inc. Announces CFO Management Change
AXT, Inc. announced that Wilson W. Cheung has resigned as Chief Financial Officer and Corporate Secretary effective August 28, 2009. Following a brief transition, Mr. Cheung will join a technology company listed on the AIM market of the London Stock Exchange as Chief Financial Officer. Raymond A. Low, Vice President and Corporate Controller, has been appointed acting Chief Financial Officer reporting to Dr. Morris S. Young, Chief Executive Officer.
AXT, Inc. Issues Q3 2009 Guidance; EPS Guidance Above Analysts Estimates
AXT, Inc. announced that for third quarter of 2009, it expects revenue to increase to between $14.0-$15.0 million, net income (loss) per share EPS to be between $(0.03) to breakeven. According to Reuters Estimates, analysts were expecting the Company to report revenue of $14.5 million and EPS of $(0.04) for the same period.
AXT, Inc. Announces Appointment Of Morris S. Young As Chief Executive Officer
AXT, Inc. announced that its Board of Directors has appointed Morris S. Young as Chief Executive Officer, effective July 16, 2009.
AXT, Inc. Issues Q2 2009 Outlook; Revenue Outlook Below Analysts' Estimates
AXT, Inc. announced that for the second quarter of 2009, it anticipates revenue to increase to between $10.0 million and $11.0 million, net loss per share to be between $0.06 and $0.09. According to Reuters Estimates, analysts were expecting the Company to report revenue of $22 million for the same period.
