Advanced Energy reports Q3 adjusted EPS 89c, consensus $1.16

Reports Q3 revenue $410M, consensus $421.84M. “In the third quarter, we delivered sequentially higher earnings and record operating cash flow on marginally lower revenue,” said Steve Kelley, president and CEO of Advanced Energy. “Our solid financial performance through the business cycle gives us the ability to invest in new products and technologies, as well as in improvements in manufacturing efficiency. These investments will drive future revenue growth and market share gains.”