Plus   Neg

Axcelis Technologies Q2 Profit Rises

Axcelis Technologies Inc. (ACLS) Tuesday reported second-quarter net income of $13.3 million or $0.39 per share, up from $556 thousand or $0.02 per share last year.

Quarterly revenue grew to $123.0 million from $74.3 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.27 per share and revenues of $116.18 million. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, Axcelis expects revenues to be about $110 million with earnings of about $0.24 per share. Analysts currently estimate earnings of $0.24 per share on revenues of $110 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT