Axcelis: Q1 Earnings Snapshot

BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — Axcelis Technologies Inc. (ACLS) on Wednesday reported first-quarter net income of $51.6 million.

The Beverly, Massachusetts-based company said it had profit of $1.57 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The semiconductor services company posted revenue of $252.4 million in the period.

For the current quarter ending in June, Axcelis said it expects revenue in the range of $245 million.

Axcelis shares have dropped 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $101.70, a decrease of 17% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ACLS at

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