Advanced Energy Industries Trading over 10% Lower after Lowering Guidance

Advanced Energy Industries, Inc. AEIS today updated its outlook for the quarter ended June 30, 2011. Based on preliminary financial data, the company now expects to report revenue between $137 million and $140 million for the second quarter of 2011, below the range of $148 million to $160 million it projected on May 2, 2011, and earnings at the low end of, or slightly lower than the range it projected on May 2, 2011. Read more < ahref="http://www.benzinga.com/news/11/07/1602237/advanced-energy-lowers-its-outlook-for-the-second-quarter-of-2011#ixzz1REnynOF6">here.