Axcelis Technologies Earnings Fall 65% In Q3

(RTTNews) - Axcelis Technologies (ACLS) announced a profit for third quarter that retreated from last year.

The company said its earnings fell to $2.15 million, or $0.07 per share. This was down from $6.10 million, or $0.20 per share, in last year's third quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 17.2% to $65.65 million. This was down from $79.32 million last year.

Axcelis Technologies earnings at a glance:

-Earnings (Q3): $2.15 Mln. vs. $6.10 Mln. last year. -Earnings Decline (Y-o-Y): -64.8% -EPS (Q3): $0.07 vs. $0.20 last year. -EPS Decline (Y-o-Y): -65.0% -Analysts Estimate: $0.04 -Revenue (Q3): $65.65 Mln vs. $79.32 Mln last year. -Revenue Change (Y-o-Y): -17.2%

-Guidance: Next quarter EPS guidance: $0.04 - $0.08 Next quarter revenue guidance: $65 - $70 Mln