Advanced Energy posts year-over-year revenue gain of 152%
DENVER — Advanced Energy Industries Inc. (Nasdaq: AEIS) posted its best quarterly revenue in company history as the stay-at-home economy skyrocketed demand for more electronics.
The Denver developer of power-control systems for electronics posted revenues of $339.88 million last quarter, a gain of 152% from the same period last year and beating Wall Street estimates by $21.68 million, according to data from finance site Seeking Alpha.
Its adjusted earnings per share of 76 cents beat consensus estimates by 20 cents, and its overall profit was just more than $130.3 million.
In a call with analysts…
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