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BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — Axcelis Technologies Inc. (ACLS) on Wednesday reported first-quarter net income of $47.7 million.
The Beverly, Massachusetts-based company said it had profit of $1.43 per share.
The semiconductor services company posted revenue of $254 million in the period.
For the current quarter ending in June, Axcelis said it expects revenue in the range of $255 million to $260 million.
Axcelis shares have increased 54% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $122.61, more than doubling 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 ACLS">Zacks stock report on ACLS at https://www.zacks.com/ap/ACLS