AXT (AXTI) Stock: Why It Surged 24.93%

By Amit Chowdhry ● Jul 29, 2022
  • The stock price of AXT, Inc. (Nasdaq: AXTI) surged 24.93% in the previous trading session. This is why.

The stock price of AXT, Inc. (Nasdaq: AXTI) surged 24.93% in the previous trading session. Investors responded positively to AXT’s second-quarter 2022 financial results.

AXT had reported a Q2 EPS of $0.16, which was $0.08 higher than analyst estimates of $0.08. And the revenue for the quarter was $39.5 million compared to the consensus estimate of $40.05 million.