Advanced Energy: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:54 PM ET
Last Updated - Jun 21, 2023, 11:11 PM EDT
DENVER (AP) — DENVER (AP) — Advanced Energy Industries Inc. (AEIS) on Wednesday reported first-quarter earnings of $30.9 million.
On a per-share basis, the Denver-based company said it had net income of 82 cents. Earnings, adjusted for one-time gains and costs, were $1.24 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The maker of power-conversion products posted revenue of $425 million in the period.
