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Axcelis: 2Q Earnings Snapshot

August 2, 2018

BEVERLY, Mass. (AP) _ Axcelis Technologies Inc. (ACLS) on Thursday reported second-quarter profit of $14.7 million.

The Beverly, Massachusetts-based company said it had profit of 43 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The semiconductor services company posted revenue of $119.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $116 million.

For the current quarter ending in October, Axcelis expects its per-share earnings to range from 15 cents to 20 cents.

The company said it expects revenue in the range of $95 million to $100 million for the fiscal third quarter.

Axcelis shares have declined 20 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.90, an increase of 12 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACLS at https://www.zacks.com/ap/ACLS

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