Advanced Energy Indus Q1 2024 Adj EPS $0.58 Misses $0.67 Estimate, Sales $327.475M Miss $351.783M Estimate
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Indus (AEIS) reported Q1 2024 earnings of $0.58 per share, missing the $0.67 estimate, and sales of $327.475M, below the $351.783M estimate. This represents a 53.23% decrease in earnings and a 22.95% decrease in sales from the same period last year.
May 01, 2024 | 10:12 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
AEIS missed Q1 2024 earnings and sales estimates, with a significant decrease compared to last year's figures.
Missing both earnings and sales estimates significantly, especially with such a large year-over-year decline, is likely to negatively impact investor sentiment and AEIS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100