Advanced Energy Indus Q2 EPS $1.11 Beats $1.05 Estimate, Sales $416.00M Beat $412.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Indus (NASDAQ:AEIS) reported Q2 earnings of $1.11 per share, beating the analyst consensus estimate of $1.05 by 5.71%. However, this is a 22.92% decrease from the same period last year. The company also reported quarterly sales of $416.00 million, beating the estimate of $412.66 million by 0.81%, but this is a 5.66% decrease from last year.
August 04, 2023 | 2:21 pm
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Advanced Energy Indus beat Q2 earnings and sales estimates but reported decreases from the same period last year.
While Advanced Energy Indus beat the Q2 earnings and sales estimates, the year-on-year decreases in both earnings and sales could potentially offset the positive impact of beating estimates. This mixed result makes the short term price direction uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100