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:

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.