Axcelis Technologies shares are trading lower. The company reported Q2 financial results and issued Q3 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Axcelis Technologies shares are trading lower after the company reported Q2 financial results and issued Q3 guidance below estimates.
August 01, 2024 | 11:27 am
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Axcelis Technologies shares are trading lower due to disappointing Q2 financial results and Q3 guidance that fell below estimates.
The company's Q2 financial results did not meet market expectations, and the guidance for Q3 is also below estimates. This has led to a negative market reaction, causing the stock price to drop.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100