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 - $0.08Next quarter revenue guidance: $65 - $70 Mln
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