Aixtron Earnings: Here’s Why Investors Like These Results
Aixtron AG (NASDAQ:AIXG) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 6.74%.
Aixtron AG Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.75 in the quarter versus EPS of $-0.12 in the year-earlier quarter.
Revenue: Decreased 28.28% to $40.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Aixtron AG reported adjusted EPS loss of $0.75 per share. By that measure, the company missed the mean analyst estimate of $-0.09. It missed the average revenue estimate of $58.95 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 62.51% from $107.24 million in the previous quarter. EPS decreased to $-0.75 in the quarter versus EPS of $-0.56 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.04 to a loss $0.07. For the current year, the average estimate has moved down from a loss of $0.09 to a loss of $0.19 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)