Savvy Trades and Investments

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Wow AXTI hit $8.65!?!? Guidance on the CC was actually on the weak side I thought (from the CC transcript below). No idea why the stock is skyrocketing. Especially after it opened with little fanfare. Similar to LNTH yesterday. I guess the market is just getting incredibly frothy. AXTI up more than UCTT today, which had a terrific quarter and even better guidance.


Gary Fischer

Thank you Morris. We believe that the revenue contribution in Q1 is likely to be similar to that in Q4. As such we believe that the total revenues will be in the range of $19.5 million to $20.5 million. In terms of our bottom-line outlook for Q1, we're expecting to be in the range of $0.02 to $0.04 profit per share based on 33.7 million diluted common shares outstanding.