Axcelis Reaffirms Q2 Guidance

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5/24/2012 4:42 PM ET

Axcelis Technologies, Inc. (ACLS: Quote) Thursday reaffirmed its second-quarter guidance. The company continues to expect a second-quarter loss in a range of $4.0 to $6.0 million, or $0.04 to $0.06 per share.

Revenues for the second quarter is forecast in the range of $60 million to $70 million.

Gross margins is expected to decline 5 to 6 basis points from the first-quarter level of 37.3 percent.

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