Axcelis Technologies, Inc. revised earnings guidance for the fourth quarter of 2016. For the quarter, the company said that it expects EPS above its own guidance range and revenues at the high end of its guidance provided on Nov. 2. The company expects EPS of $0.04 to $0.08 per share on revenues of $65 million to $70 million.

The company also said that it continues to expect increased revenue in first quarter of 2017.