AP NEWS

Axcelis: 4Q Earnings Snapshot

February 6, 2019

BEVERLY, Mass. (AP) _ Axcelis Technologies Inc. (ACLS) on Wednesday reported fourth-quarter net income of $8.5 million.

The Beverly, Massachusetts-based company said it had net income of 25 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The semiconductor services company posted revenue of $105.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $99.7 million.

For the year, the company reported profit of $45.9 million, or $1.35 per share. Revenue was reported as $442.6 million.

For the current quarter ending in April, Axcelis said it expects revenue in the range of $90 million to $95 million.

Axcelis shares have risen 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.28, a decline of slightly more than 8 percent in the last 12 months.

_____

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

AP RADIO
Update hourly