Axcelis: Q1 Earnings Snapshot
BEVERLY, Mass. (AP) _ Axcelis Technologies Inc. (ACLS) on Tuesday reported first-quarter net income of $16.5 million.
The Beverly, Massachusetts-based company said it had net income of 48 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The semiconductor services company posted revenue of $132.8 million in the period.
For the current quarter ending in July, Axcelis said it expects revenue in the range of $135 million to $140 million.
Axcelis shares have risen 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.80, a climb of 82% in the last 12 months.