Advanced Energy Industries Sees Q3 EPS $0.93-$0.33 Vs $1.11 Est; Revenue $400M-$430M Vs $419.28M Est
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Industries (AEIS) has projected its Q3 earnings per share (EPS) to be between $0.93 and $1.33, lower than the estimated $1.11. The company also expects its revenue to range from $400M to $430M, compared to the estimated $419.28M.
August 04, 2023 | 2:34 pm
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NEGATIVE IMPACT
Advanced Energy Industries' lower than expected Q3 EPS and revenue forecast may negatively impact its stock price in the short term.
Advanced Energy Industries' Q3 EPS and revenue forecast is lower than the market's expectations. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100