Axcelis Technologies (NASDAQ:ACLS) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Axcelis Technologies beat estimated earnings by 32.61%, reporting an EPS of $1.22 versus an estimate of $0.92.
Revenue was up $70.80 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.21 which was followed by a 6.39% increase in the share price the next day.
Here's a look at Axcelis Technologies's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.84 | 0.71 | 0.45 | 0.32 |
| EPS Actual | 1.05 | 0.81 | 0.55 | 0.48 |
| Revenue Estimate | 190.04M | 170.08M | 137.27M | 126.43M |
| Revenue Actual | 205.68M | 176.69M | 147.27M | 132.80M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Axcelis Technologies management provided guidance for Q2 2022, expecting earnings between $1.0 and $1.0 per share.
To track all earnings releases for Axcelis Technologies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
