Advanced Energy Industries (AEIS) Tops Q4 EPS by 8c, Q1 Guidance Tops Views

Advanced Energy Industries (NASDAQ: AEIS) reported Q4 EPS of $0.50, $0.08 better than the analyst estimate of $0.42. Revenue for the quarter came in at $152.7 million versus the consensus estimate of $146.7 million.

Advanced Energy Industries sees Q1 2015 EPS of $0.38-$0.46, versus the consensus of $0.39. Advanced Energy Industries sees Q1 2015 revenue of $137-147 million, versus the consensus of $143.14 million.

"We ended 2014 with a strong quarter," said Yuval Wasserman, President and CEO of Advanced Energy. "Our investment in new semiconductor products targeting key technology inflection points is enabling accelerated growth in existing and new applications, and drove record revenues for the quarter. Having made three strategic acquisitions in the last 12 months, we have entered several new and adjacent industrial markets, expanding our total available market and increasing our diversification. We are in the process of evaluating strategic alternatives for our solar inverter business given some of the near-term challenges facing the industry. With a strong pipeline of opportunities and choices for our business, we believe that we are well positioned for 2015."

Precision Power Products

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

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