Axcelis Technologies Q2 2024 GAAP EPS $1.55 Beats $1.35 Estimate, Sales $256.512M Beat $250.302M Estimate
Portfolio Pulse from Benzinga Newsdesk
Axcelis Technologies (NASDAQ:ACLS) reported Q2 2024 GAAP EPS of $1.55, beating the estimate of $1.35. Sales were $256.512M, surpassing the $250.302M estimate. Despite the beats, sales decreased by 6.37% compared to the same period last year.
July 31, 2024 | 8:26 pm
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Axcelis Technologies reported better-than-expected Q2 2024 earnings and sales, but sales were down 6.37% year-over-year.
The positive earnings and sales beats are likely to boost investor confidence in the short term, despite the year-over-year sales decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100