Advanced Energy Industries (AEIS) Tops Q4 EPS by 25c; Guides Above the Street

Advanced Energy Industries (NASDAQ: AEIS) reported Q4 EPS of $1.06, $0.25 better than the analyst estimate of $0.81. Revenue for the quarter came in at $135.3 million versus the consensus estimate of $131.14 million.

GUIDANCE:

Advanced Energy Industries sees Q1 2017 EPS of $0.90-$1.00, versus the consensus of $0.78. Advanced Energy Industries sees Q1 2017 revenue of $141-151 million, versus the consensus of $128.56 million.

“AE had an exceptional 2016. Our powerful model generated impressive results across the board, driving significant profitability,” said Yuval Wasserman, president and CEO of Advanced Energy. “Our Semiconductor and Service revenues reached new highs, more than offsetting the fourth quarter decline in Industrial applications. We continue to expand our presence as a critical enabler by capitalizing on the build-out and expansion of important semiconductor technologies. We enter 2017 with a healthy outlook, a strong balance sheet and a variety of opportunities that we believe will take AE to the next level and move us closer to our new aspirational goals.”

For earnings history and earnings-related data on Advanced Energy Industries (AEIS) click here.

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