Advanced Energy posts record quarterly sales

DENVER and FORT COLLINS — Advanced Energy Industries Inc. (Nasdaq: AEIS) posted its best sales quarter in its history on Thursday on the back of growing demand in its markets.

The power controls maker posted sales of $389.52 million and earnings of $1.18 per share, beating Wall Street consensus estimates by $38.61 million and 27 cents per share, respectively, according to finance site Seeking Alpha.

That revenue figure represents a 122.5% increase over sales from the same period last year.

The company said it saw the largest quarter-to-quarter growth in its medical and telecommunications businesses…