Axcelis Technologies Inc reports results for the quarter ended March 31 - Earnings Summary

• Axcelis Technologies Inc ACLS.OQ reported quarterly adjusted earnings of $1.04​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.57. The mean expectation of eight analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 38 cents to 40 cents per share.

• Revenue fell 23.7% to $192.56 million from a year ago; analysts expected $184.87 million.

• Axcelis Technologies Inc's reported EPS for the quarter was 88 cents​.

• The company reported quarterly net income of $28.58 million.

• Axcelis Technologies Inc shares had risen by 4.9% this quarter and lost 25.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 61.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "hold"

• Wall Street's median 12-month price target for Axcelis Technologies Inc is $68.00

This summary was machine generated from LSEG data May 6 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)