Axcelis Sees Q3 Revenue ~$255M vs $263.88M Est., EPS $1.43 vs $1.55 Est.
Portfolio Pulse from Benzinga Newsdesk
Axcelis Technologies has announced its Q3 revenue forecast of approximately $255 million, which is below the estimated $263.88 million. The company also expects an EPS of $1.43, falling short of the estimated $1.55.
July 31, 2024 | 8:51 pm
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Axcelis Technologies has provided a Q3 revenue forecast of $255 million, which is below the market estimate of $263.88 million. Additionally, the expected EPS of $1.43 is lower than the estimated $1.55.
The lower-than-expected revenue and EPS forecasts are likely to negatively impact investor sentiment and the stock price in the short term. The market typically reacts unfavorably to earnings and revenue misses.
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IMPORTANCE 80
RELEVANCE 100