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Axcelis: Q4 Earnings Snapshot
By AP News - Feb 10, 2025, 04:12 PM ET
Last Updated - Feb 10, 2025, 04:12 PM EST
BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — Axcelis Technologies Inc. (ACLS) on Monday reported fourth-quarter earnings of $50 million.
The Beverly, Massachusetts-based company said it had profit of $1.54 per share.
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The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The semiconductor services company posted revenue of $252.4 million in the period.
For the year, the company reported profit of $201 million, or $6.15 per share. Revenue was reported as $1.02 billion.
For the current quarter ending in March, Axcelis said it expects revenue in the range of $185 million.
Axcelis shares have fallen slightly more than 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $66.90, a drop of 45% 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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