AXT Posts Upbeat Q2 Earnings, Joins Newell Brands, SPX Technologies, Amazon And Other Big Stocks Moving Higher On Friday
Complete. Here is the key summaryU.S. stocks were mixed with the Nasdaq up 50 points on Friday. AXT Inc surged 25.3% after beating Q2 earnings and guidance expectations. Other gainers included Newell Brands, Forum Energy Technologies, IES Holdings, SPX Technologies, Amazon, SPS Commerce, Dolby Laboratories, Guardant Health, DexCom, Monolithic Power Systems, nVent Electric, Ryan Specialty, Standex International, and MSA Safety, all driven by strong quarterly results or raised guidance.
U.S. stocks were mixed, with the Nasdaq Composite gaining around 50 points on Friday.
Shares of AXT Inc (NASDAQ:AXTI) rose sharply after the company reported better-than-expected second-quarter financial results and issued strong third-quarter guidance.
Semiconductor wafer manufacturer AXT reported adjusted EPS of 19 cents, which beat the analyst consensus estimate of seven cents, according to Benzinga Pro data.
Revenue rose 164.80% year over year (Y/Y) to $47.59 million, blowing past the Street estimate of $34.09 million.
AXT shares jumped 25.3% to $58.80 on Friday.
Here are some other big stocks recording gains in today’s session.
- Newell Brands Inc (NASDAQ:NWL) gained 25.1% to $6.43 after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance.
- Forum Energy Technologies Inc (NYSE:FET) gained 20.4% to $62.01 after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance above estimates.
- IES Holdings Inc (NASDAQ:IESC) surged 19.7% to $684.39 after the company reported better-than-expected quarterly financial results. The company announced a 2-for-1 stock split.
- SPX Technologies Inc (NYSE:SPXC) gained 17.3% to $233.38 after the company reported better-than-expected quarterly financial results and raised its FY26 guidance above estimates.
- Amazon.com Inc (NASDAQ:AMZN) surged 13.3% to $266.87 following strong quarterly results.
- SPS Commerce Inc (NASDAQ:SPSC) surged 13% to $74.38 following upbeat earnings.
- Dolby Laboratories Inc (NYSE:DLB) shares jumped 12.2% to $58.09 following third-quarter earnings.
- Guardant Health Inc (NASDAQ:GH) gained 12% to $170.58 after the company reported better-than-expected quarterly sales results and raised its FY26 sales guidance above estimates.
- DexCom Inc (NASDAQ:DXCM) gained 11.2% to $82.90 after the company reported better-than-expected quarterly financial results and raised its FY26 sales guidance.
- Monolithic Power Systems Inc (NASDAQ:MPWR) gained 11% to $1,461.01 after the company reported better-than-expected second-quarter financial results and issued current-quarter sales guidance above estimates.
- nVent Electric PLC (NYSE:NVT) surged 9.1% to $158.11 after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates.
- Ryan Specialty Holdings Inc (NYSE:RYAN) gained 7.8% to $47.54 as the company reported better-than-expected second-quarter financial results.
- Standex International Corp (NYSE:SXI) surged 5.3% to $305.35 following strong quarterly earnings.
- MSA Safety Inc (NYSE:MSA) gained 7.4% to $187.31 following upbeat earnings.
Photo via Shutterstock