Axcelis Technologies Reveals 388% Gain In Q1 Earnings

(RTTNews) - Axcelis Technologies (ACLS) reported earnings for its first quarter that increased from last year.

The company said its bottom line came in at $9.51 million, or $0.29 per share. This was up from $1.95 million, or $0.06 per share, in last year's first quarter.

The company said revenue for the quarter rose 28.7% to $86.89 million. This was up from $67.52 million last year.

Axcelis Technologies earnings at a glance:

-Earnings (Q1): $9.51 Mln. vs. $1.95 Mln. last year. -Earnings Growth (Y-o-Y): 387.7% -EPS (Q1): $0.29 vs. $0.06 last year. -EPS Growth (Y-o-Y): 383.3% -Revenue (Q1): $86.89 Mln vs. $67.52 Mln last year. -Revenue Change (Y-o-Y): 28.7%

-Guidance: Next quarter EPS guidance: $0.30 - $0.35 Next quarter revenue guidance: $100 Mln