Sees Q3 revenue $19M-$21M, consensus $21.02M. Says Q3 revenue guidance range includes a modest contribution from indium phosphide and gallium arsenide for customers outside of China. Says expects germanium revenue to be down and raw material business to be approximately flat in Q3 from the prior quarter. Says continues to focus strongly on gross margin improvement In Q3. Comments and guidance taken from Q2 earnings conference call.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXTI: