Axcelis Technologies Q1 Earnings Retreat

(RTTNews) - Axcelis Technologies (ACLS) announced a profit for first quarter that dropped from the same period last year.

The company's bottom line totaled $6.06 million, or $0.18 per share. This compares with $13.91 million, or $0.41 per share, in last year's first quarter.

Analysts had expected the company to earn $0.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 25.1% to $91.48 million from $122.18 million last year.

Axcelis Technologies earnings at a glance:

-Earnings (Q1): $6.06 Mln. vs. $13.91 Mln. last year. -EPS (Q1): $0.18 vs. $0.41 last year. -Analysts Estimate: $0.11 -Revenue (Q1): $91.48 Mln vs. $122.18 Mln last year.