Advanced Energy: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 03:24 AM ET
Last Updated - Jul 31, 2024, 03:24 AM EDT
DENVER (AP) — DENVER (AP) — Advanced Energy Industries Inc. (AEIS) on Tuesday reported second-quarter earnings of $15 million.
The Denver-based company said it had profit of 40 cents per share. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The maker of power-conversion products posted revenue of $364.9 million in the period.
