Advanced Energy Industries (AEIS), a provider of precision power conversion, measurement, and control solutions, reported weaker-than-expected second-quarter results, due to supply chain disruptions and operational inefficiencies. Following the disappointing Q2 results and Q3 guidance, shares decreased 12.1% to close at $90.37 on August 4. The company reported adjusted earnings of $1.25 per share, up 5.9% year-over-year but lower than the Street’s estimate of $1.27 per share. (See Advanced Energy stock charts on TipRanks) Additionally, revenue for the quarter increased 6% to $361.31 million, compared to the year-ago period, but this result missed analysts’ estimates of $362.14 million.
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Advanced Energy Industries (NASDAQ:AEIS)
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