Advanced Energy Expects Q3 Revenue Of $370M +/- $20M (Est $373.04M); Adj EPS Of $0.90 +/- $0.25 (Est $0.90)
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Industries (AEIS) has provided its Q3 revenue guidance of $370 million +/- $20 million, which is slightly below the estimated $373.04 million. The company also expects adjusted EPS of $0.90 +/- $0.25, matching the estimated $0.90.
July 30, 2024 | 9:09 pm
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Advanced Energy Industries (AEIS) has provided Q3 revenue guidance of $370 million +/- $20 million, slightly below the estimated $373.04 million. The company also expects adjusted EPS of $0.90 +/- $0.25, matching the estimated $0.90.
The revenue guidance is slightly below expectations, which could be seen as a minor negative. However, the EPS guidance matches estimates, balancing the overall impact. This results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100