Axcelis Technologies (ACLS) Surpasses Q3 Earnings and Revenue Estimates
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Axcelis Technologies (ACLS) reported Q3 earnings of $1.49 per share, surpassing the Zacks Consensus Estimate of $1.43. However, this is a decrease from $1.99 per share a year ago.
November 06, 2024 | 11:30 pm
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Axcelis Technologies reported Q3 earnings of $1.49 per share, exceeding expectations but down from last year's $1.99.
The positive earnings surprise is likely to have a short-term positive impact on the stock price, as it exceeded analyst expectations. However, the year-over-year decline in earnings per share may temper the enthusiasm.
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