Advanced Energy reports Q4 adjusted EPS $1.70, consensus $1.60

Reports Q4 revenue $491M, consensus $476.88M. "We delivered strong financial results in the fourth quarter, taking advantage of improved component availability and solid manufacturing execution," said Steve Kelley, president and CEO of Advanced Energy. "For the full year, we achieved record revenue and earnings, thanks to strong demand in all of our markets and improved execution across the company. Although we expect lower revenue in the near-term due to a downturn in the semiconductor equipment market, we anticipate a record level of design-in activity, leveraging our strong pipeline of technology-leading products."