B. Riley Downgrades AXT, Inc. (AXTI) to Neutral

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Go back to B. Riley Downgrades AXT, Inc. (AXTI) to Neutral

AXT, Inc. (AXTI) Cuts Q4 Outlook

February 4, 2015 4:32 PM EST

AXT, Inc. (NASDAQ: AXTI) announced preliminary revenue results for the fourth quarter 2014.

AXT expects revenue for the fourth quarter 2014 to be approximately $19.5 million, below the company's previously stated guidance of $20.5 million to $21.5 million. The revenue shortfall is primarily attributable to reduced sales as... More