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Axcelis: 2Q Earnings Snapshot

August 6, 2019

BEVERLY, Mass. (AP) _ Axcelis Technologies Inc. (ACLS) on Tuesday reported second-quarter earnings of $556,000.

The Beverly, Massachusetts-based company said it had profit of 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The semiconductor services company posted revenue of $74.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $75 million.

For the current quarter ending in October, Axcelis said it expects revenue in the range of $65 million to $75 million.

Axcelis shares have declined 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.02, a drop of 34% 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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