Axcelis Technologies stock falls 1.02% as semiconductor services company faces earnings decline and revenue growth concerns.

Axcelis Technologies (ACLS) stock closed at $97.35, down 1.02% from the previous day. The semiconductor services company's stock has risen 17.67% in the past month, outperforming the Computer and Technology sector's loss. The upcoming earnings release is projected to show a year-over-year decline of 31.73% in earnings per share and a 1.29% growth in revenue. The Zacks Rank of #5 (Strong Sell) indicates a negative outlook on the business health and profitability. The forward P/E ratio of 27.78 is in line with its industry average.