AXT beats by $0.01, misses on revs; guides Q4 EPS below consensus, revs below consensus (5.92 +0.37)
Reports Q3 (Sep) GAAP earnings of $0.19 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.18; revenues rose 5.6% year/year to $28.3 mln vs the $30.4 mln consensus. Gross margin was 43.2% of revenue for the third quarter of 2011. Co issues downside guidance for Q4, sees EPS of $0.08-0.12 vs. $0.17 Capital IQ Consensus Estimate; sees Q4 revs of $20-23 mln vs. $30.40 mln Capital IQ Consensus Estimate.
