BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — Axcelis Technologies Inc. (ACLS) on Monday reported fourth-quarter earnings of $50 million.
The Beverly, Massachusetts-based company said it had profit of $1.54 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The semiconductor services company posted revenue of $252.4 million in the period.
For the year, the company reported profit of $201 million, or $6.15 per share. Revenue was reported as $1.02 billion.
For the current quarter ending in March, Axcelis said it expects revenue in the range of $185 million.
Axcelis shares have fallen slightly more than 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $66.90, a drop of 45% in the last 12 months.
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