Axcelis Technologies (ACLS) Exceeds Q4 Earnings Expectations
Axcelis Technologies (ACLS) surpassed Q4 earnings and revenue estimates, with quarterly earnings of $2.15 per share and revenues of $310.29 million, beating expectations. The company's stock performance and future outlook are influenced by its earnings outlook and industry trends, with current estimates indicating a Zacks Rank #4 (Sell) for the stock. Additionally, Veeco Instruments (VECO), another company in the same industry, is expected to report its quarterly results soon.