AXT (NASDAQ:AXTI) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.07 by 171.43 percent. This is a 218.75 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $47.589 million which beat the analyst consensus estimate of $34.087 million by 39.61 percent. This is a 164.77 percent increase over sales of $17.974 million the same period last year.