Axcelis Announces Financial Results For First Quarter 2017

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Go back to Axcelis Announces Financial Results For First Quarter 2017

Axcelis Technologies (ACLS) PT Lowered to $16 at Stifel Following 1Q Results

May 5, 2017 7:10 AM EDT

Stifel lowered its price target on Axcelis Technologies (NASDAQ: ACLS) to $16.00 (from $19.00) while maintaining a Hold rating. Axcelis reported 1Q17 revenue of $86.9 million and pro-forma EPS of $0.29, including options.

Analyst Patrick Ho raised 2Q17 estimates to $100 million in revenue and pro-forma EPS of $0.32, including options, up from $84.5 million and $0.23, respectively.

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