Advanced Energy Sees Q3 Adj. EPS $0.90-$1.40 vs $0.74 Est., Sales $325M-$375M vs $307.59M Est.
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Industries has provided guidance for Q3 with adjusted EPS expected between $0.90 and $1.40, surpassing the estimated $0.74. Sales are projected to be between $325 million and $375 million, also exceeding the estimated $307.59 million.
August 05, 2020 | 11:55 am
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Advanced Energy Industries has issued a positive earnings guidance for Q3, with both EPS and sales projections exceeding analyst estimates. This suggests a strong financial performance for the quarter.
The company's guidance for both EPS and sales is significantly above analyst expectations, indicating strong performance and potential for stock price appreciation. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100