Movement Alert｜AXT Inc Pre-Market Rise 8.63%, Q4 profit guidance and strong Q3 beat revive bullish sentiment

Market Focus11-11

On November 11, AXT Inc rose 8.63% in Pre-Market Trading, trading at $39.31 per share, with turnover of $379 million.

The move was driven by continued market digestion of the company’s stronger-than-expected third-quarter results and newly disclosed fourth-quarter GAAP net income guidance of $0.56 to $0.58 per share, which improved sentiment around its earnings recovery and growth leverage.

Background figures show third-quarter adjusted EPS of $0.41, above the $0.31 consensus estimate, and revenue of $73.41 million, ahead of the expected $66.0 million and sharply higher than $28.0 million a year earlier. Recent analyst support also remained in focus, including a Buy initiation with a $90 price target, reinforcing attention on the company’s exposure to optical communications and compound semiconductor materials.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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