Advanced Energy Indus Q3 EPS $1.28 Beats $1.14 Estimate, Sales $409.99M Miss $417.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Indus (NASDAQ:AEIS) reported Q3 earnings of $1.28 per share, beating the analyst consensus estimate of $1.14 by 12.28%. However, this is a 39.62% decrease from the same period last year. The company's quarterly sales of $409.99 million missed the analyst consensus estimate of $417.90 million by 1.89%, marking a 20.59% decrease from the same period last year.
October 31, 2023 | 8:08 pm
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Advanced Energy Indus reported Q3 earnings that beat estimates but were lower than last year. Sales missed estimates and were also lower than last year.
Advanced Energy Indus reported Q3 earnings that exceeded analyst estimates, which is generally a positive signal. However, the fact that both earnings and sales are down significantly from the same period last year is a negative signal, which could lead to a decrease in the stock price in the short term.
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