Reports Q4 revenue $415.4M, consensus $394.21M. “Fourth quarter results exceeded our guidance, with total revenue resuming year-over-year growth on better-than-expected demand in our semiconductor and data center computing markets,” said Steve Kelley, president and CEO of Advanced Energy (AEIS). “Customers are embracing our best-in-class products, which we believe will drive meaningful share gains as markets recover.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEIS:
- Advanced Energy Industries, Inc. (AEIS) Q4 Earnings Cheat Sheet
- Advanced Energy price target raised to $135 from $125 at Benchmark
- Advanced Energy upgraded to Buy at Needham on stronger expected EPS growth
- Advanced Energy upgraded to Buy from Hold at Needham
- Citi goes ‘all in’ on semi equipment, upgrades five to Buy