Advanced Energy Indus Q3 2024 Adj. EPS $0.98 Beats $0.91 Estimate, Sales $374.217M Beat $372.494M Estimate
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Industries (NASDAQ:AEIS) reported Q3 2024 earnings per share of $0.98, surpassing the analyst estimate of $0.91. The company's sales were $374.217 million, slightly above the expected $372.494 million, but down 8.73% from the previous year.
October 30, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Advanced Energy Industries reported better-than-expected Q3 2024 earnings per share of $0.98, beating the consensus estimate of $0.91. Sales also exceeded expectations at $374.217 million, though they were down 8.73% year-over-year.
The positive earnings surprise and sales exceeding expectations are likely to have a favorable impact on AEIS's stock price in the short term. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100