Advanced Energy Industries Inc (AEIS) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $24.7 million, or $0.65 per share. This compares with $5.4 million, or $0.14 per share, last year.
Excluding items, Advanced Energy Industries Inc reported adjusted earnings of $1.23 per share for the period.
Analysts on average had expected the company to earn $1.06 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 23.5% to $404.6 million from $327.5 million last year.
Advanced Energy Industries Inc earnings at a glance (GAAP) :
-Earnings: $24.7 Mln. vs. $5.4 Mln. last year.
-EPS: $0.65 vs. $0.14 last year.
-Revenue: $404.6 Mln vs. $327.5 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.05 - $1.55
Next quarter revenue guidance: $400 - $440 Mln
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