Axcelis Technologies Sees Q2 2024 EPS ~$1.30 Vs $1.49 Est.; Revenue ~$245M Vs $261.473M Est.
Portfolio Pulse from Benzinga Newsdesk
Axcelis Technologies projects its Q2 2024 earnings per share (EPS) to be around $1.30, which is below the estimated $1.49. Additionally, the company anticipates revenue to be approximately $245 million, also falling short of the expected $261.473 million.
May 01, 2024 | 8:40 pm
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Axcelis Technologies expects lower-than-estimated earnings and revenue for Q2 2024, with EPS at ~$1.30 vs. $1.49 estimates and revenue at ~$245M vs. $261.473M estimates.
The projected shortfall in both earnings per share and revenue for Axcelis Technologies in Q2 2024 compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. Lower-than-expected financial results typically lead to a decrease in stock price as they may indicate underlying challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100