Advanced Energy grows revenue more than 30 percent year over year

FORT COLLINS — Advanced Energy Industries Inc. (Nasdaq: AEIS) posted first-quarter earnings of $1.16 per share, or $46.4 million.

The earnings are a significant improvement over the same period the year prior when Advanced Energy had a $29 million loss, or 73 cent loss per share.

The Fort Collins-based company, which makes power technologies and solutions, posted quarterly revenue of $195.6 million, a 31 percent year-over-year increase and beating expectations by $7.7 million.

“Carrying on the momentum seen in 2017, first quarter semiconductor revenue again reached record levels while our Industrial business soared…