Axcelis Technologies Profit Drops 50% In Q2

(RTTNews) - Axcelis Technologies (ACLS) announced earnings for second quarter that retreated compared to the same period last year.

The company said its earnings dropped to $2.94 million, or $0.10 per share. This was lower than $5.88 million, or $0.20 per share, in last year's second 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 17.8% to $64.45 million. This was down from $78.44 million last year.

Axcelis Technologies earnings at a glance:

-Earnings (Q2): $2.94 Mln. vs. $5.88 Mln. last year. -Earnings Decline (Y-o-Y): -50.0% -EPS (Q2): $0.10 vs. $0.20 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: $0.04 -Revenue (Q2): $64.45 Mln vs. $78.44 Mln last year. -Revenue Change (Y-o-Y): -17.8%

-Guidance: Next quarter EPS guidance: $0.03 - $0.06 Next quarter revenue guidance: $65 - $70 Mln