Advanced Energy Indus Q2 2024 Adj. EPS $0.85 Beats $0.71 Estimate, Sales $364.947M Beat $350.057M Estimate
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Industries (NASDAQ: AEIS) reported Q2 2024 adjusted EPS of $0.85, beating the estimate of $0.71. Sales were $364.947 million, surpassing the $350.057 million estimate but down 12.17% from last year.
July 30, 2024 | 8:05 pm
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Advanced Energy Industries reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.85 beating the $0.71 estimate and sales of $364.947 million surpassing the $350.057 million estimate. However, sales were down 12.17% year-over-year.
The better-than-expected earnings and sales figures are likely to have a positive short-term impact on AEIS's stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
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