price up icon1.22%   +1.66
pre-market  Pre-market:  136.91   -0.77   -0.56%

Why is Axcelis Technologies Inc (ACLS) Stock down?

We've noticed a 5.66% decline in Axcelis Technologies Inc (ACLS) stock during the 2024-03-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
30 Oct, 2023:

Axcelis Technologies Stock (ACLS) dropped by 8.53% from $138.04 to $126.27 in the trading on Monday October 30, 2023. The reason why ACLS stock down today is due to the concerns of investors ahead the earnings results. Axcelis is slated to report third-quarter 2023 results on November 1. Analysts expect Axcelis Technologies to post earnings of $1.73 per share for the quarter. However, ACLS’ performance in Q3 is likely to have been affected due to lingering supply-chain constraints and global macroeconomic weakness. Soft demand from memory and advanced logic customers is an added concern. Increasing expenses toward research and development, and infrastructure are likely to be headwinds.

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