Axcelis Technologies Shares Edge Higher After Q2 Earnings Report

MT Newswires Live08-06

Axcelis Technologies (ACLS) shares were 1.1% higher in Thursday trading after the company reported Q2 earnings and revenue that topped Wall Street estimates.

Axcelis reported Q2 non-GAAP earnings Thursday of $1.06 per share, down from $1.13 a year earlier.

Analysts surveyed by FactSet expected $0.89.

Revenue for the quarter ended June 30 was $215.2 million, up from $194.5 million a year earlier.

Analysts expected $205 million.

The company expects Q3 non-GAAP earnings of $1.11 per share on revenue of about $230 million. Analysts expect Q3 non-GAAP EPS of $1.04 on revenue of $214.8 million.

Price: 136.04, Change: -0.63, Percent Change: -0.46

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