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Sep 30, 2020
Axcelis Q3 2020 Earnings Report
Axcelis reported strong earnings driven by robust gross margins.
Key Takeaways
Axcelis announced financial results for the third quarter ended September 30, 2020, with revenue of $110.4 million. The company reported an operating profit of $13.9 million and a net income of $10.8 million, or $0.32 per diluted share. The gross margin for the quarter was 43.6%.
Third quarter revenue was $110.4 million.
Operating profit for the quarter was $13.9 million.
Net income for the quarter was $10.8 million, or $0.32 per diluted share.
Gross margin for the quarter was 43.6%.
Forward Guidance
For the fourth quarter ending December 31, 2020, Axcelis expects revenues to be approximately $110 million with gross margin around 41%. Fourth quarter operating profit is forecasted to be approximately $10 million with earnings per diluted share of approximately $0.21.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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