Advanced Energy Indus Q4 Adj EPS $1.24 Beats $1.16 Estimate, Sales $405.27M Miss $406.14M Estimate
Portfolio Pulse from totan@benzinga.com
Advanced Energy Indus (AEIS) reported Q4 adjusted EPS of $1.24, surpassing the $1.16 estimate, but its sales of $405.27M fell short of the $406.14M forecast. This represents a 27.06% decrease in earnings and a 17.42% drop in sales from the same period last year.
February 06, 2024 | 9:29 pm
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NEUTRAL IMPACT
AEIS reported a mixed Q4 with earnings beating estimates but sales slightly missing expectations, indicating a significant year-over-year decline in both metrics.
The mixed results with an earnings beat but a slight miss on sales, coupled with the significant year-over-year declines, could lead to neutral market sentiment in the short term. Investors might appreciate the earnings beat but could be concerned about the sales miss and the overall decline in performance compared to the previous year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100