BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — Axcelis Technologies Inc. (ACLS) on Tuesday reported third-quarter profit of $26 million.
The Beverly, Massachusetts-based company said it had net income of 83 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.21 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The semiconductor services company posted revenue of $213.6 million in the period.
For the current quarter ending in December, Axcelis expects its per-share earnings to be $1.12.
The company said it expects revenue in the range of $215 million for the fiscal fourth quarter.
Axcelis shares have increased 18% since the beginning of the year. The stock has dropped nearly 4% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACLS at https://www.zacks.com/ap/ACLS
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