Axcelis Technologies Inc. (ACLS) shares tumbled 9.56% on Tuesday, following the semiconductor equipment maker's disappointing revenue guidance for the first quarter of 2025.
The company expects revenue of around $185 million for Q1 2025, falling significantly short of analysts' consensus estimate of $221.59 million. While Axcelis reported solid earnings for Q4 2024, beating estimates on the bottom line, its revenue outlook for the current quarter rattled investors.
Axcelis' Q1 2025 earnings per share guidance of $0.38 also missed expectations, furthering concerns about the company's near-term performance. Despite posting a year-over-year decline in Q4 revenue, the company's CFO Jamie Coogan expressed optimism about Axcelis' long-term prospects, citing the secular growth opportunities in the semiconductor industry.
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