Axcelis: Fourth Quarter Earnings Overview

Axcelis Technologies Announces Strong Fourth Quarter Results

Axcelis Technologies Inc., headquartered in Beverly, Massachusetts, revealed a net profit of $34.3 million for the fourth quarter, according to a report released on Tuesday.

The company’s earnings translated to $1.10 per share. After adjusting for non-recurring items, adjusted earnings stood at $1.49 per share.

These results surpassed analyst expectations, with Zacks Investment Research’s consensus from three analysts predicting earnings of $1.12 per share.

During the quarter, the semiconductor services provider generated $238.3 million in revenue.

For the full year, Axcelis reported a total profit of $120.2 million, or $3.80 per share, with annual revenue reaching $839 million.

Looking ahead to the first quarter ending in March, the company anticipates earnings of $0.71 per share.

Axcelis projects revenue for the upcoming fiscal quarter to be around $195 million.

Since the start of the year, Axcelis shares have climbed 23%. By the close of trading on Tuesday, the stock price reached $98.50, marking a 61% increase over the past year.