Axcelis Technologies Stock Plunges 19% On Lower Q4 Profit And Revenue Decline

Axcelis Technologies, Inc. (ACLS) shares tumbled 18.99 percent, falling $18.73 to $79.77 on Wednesday, after the company reported weaker fourth-quarter earnings and a decline in revenue compared to the prior year.The stock opened sharply lower at $79.28 versus the previous close of $98.50 and traded between $75.35 and $81.70 during the session on the Nasdaq. The last reported bid was $78.00 for 300 shares, with the ask at $96.46 for 200 shares.Volume reached 1,608,657 shares, well above the average of 576, ...