Axcelis Technologies Bottom Line Rises 451% In Q3

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

The company said its bottom line advanced to $11.84 million, or $0.35 per share. This was higher than $2.15 million, or $0.07 per share, in last year's third quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 59.1% to $104.48 million. This was up from $65.65 million last year.

Axcelis Technologies earnings at a glance:

-Earnings (Q3): $11.84 Mln. vs. $2.15 Mln. last year. -Earnings Growth (Y-o-Y): 450.7% -EPS (Q3): $0.35 vs. $0.07 last year. -EPS Growth (Y-o-Y): 400% -Analysts Estimate: $0.28 -Revenue (Q3): $104.48 Mln vs. $65.65 Mln last year. -Revenue Change (Y-o-Y): 59.1%

-Guidance: Next quarter revenue guidance: $107-112 Mln