Compared to Estimates, Advanced Energy (AEIS) Q1 Earnings: A Look at Key Metrics

Advanced Energy Industries (AEIS) reported $327.48 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 23%. EPS of $0.58 for the same period compares to $1.24 a year ago.The reported revenue represents a surprise of -8.35% over the Zacks Consensus Estimate of $357.3 million. With the consensus EPS estimate being $0.71, the EPS surprise was -18.31%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...