Axcelis Technologies Reiterates Q2 Guidance; Sees EPS of $(0.04-0.06) vs $(0.05) Est

Axcelis Technologies, Inc.

reiterated its expectations for the second quarter of 2012, originally communicated in the Company's first quarter earnings call on May 3, 2012. Axcelis expects financial results for the quarter ending June 30, 2012 to include: - Revenue: $60-70 million - Gross Margins: Decline of 5-6 points from Q1 2012 level of 37.3% - Operating Expenses: $25 million, excluding restructuring charges - Operating Loss: ($4 – 6) million - EPS: ($0.04-0.06) - Cash and Cash Equivalents: Flat to slightly down from Q1 2012 level of $37.2 million