Recap: Advanced Energy Indus Q1 Earnings

Advanced Energy Indus AEIS reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Advanced Energy Indus beat estimated earnings by 9.73%, reporting an EPS of $1.24 versus an estimate of $1.13.

Revenue was up $27.58 million from the same period last year.

Last quarter the company beat on EPS by $0.1 which was followed by a 4.27% drop in the share price the next day.

Here's a look at Advanced Energy Indus's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.6	1.39	1.11	0.95
EPS Actual	1.7	2.12	1.44	1.24
Revenue Estimate	476.88M	439.72M	401.58M	360.99M
Revenue Actual	490.74M	516.27M	440.95M	397.46M

To track all earnings releases for Advanced Energy Indus visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.