Axcelis Technologies Earnings Advance 374% In Q2

(RTTNews) - Axcelis Technologies (ACLS) announced a profit for its second quarter that increased from last year.

The company said its bottom line rose to $13.93 million, or $0.42 per share. This was higher than $2.94 million, or $0.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 59.5% to $102.79 million. This was up from $64.45 million last year.

Axcelis Technologies earnings at a glance:

-Earnings (Q2): $13.93 Mln. vs. $2.94 Mln. last year. -Earnings Growth (Y-o-Y): 373.8% -EPS (Q2): $0.42 vs. $0.10 last year. -EPS Growth (Y-o-Y): 320.0% -Analysts Estimate: $0.33 -Revenue (Q2): $102.79 Mln vs. $64.45 Mln last year. -Revenue Change (Y-o-Y): 59.5%

-Guidance: Next quarter revenue guidance: $95 Mln