Advanced Energy Industries (AEIS) shares were up 15.4% in recent trading on Thursday after its Q1 earnings and revenue beat analysts' consensus.
The company reported Q1 non-GAAP earnings of $1.23 per diluted share, up from $0.58 a year earlier.
Analysts polled by FactSet expected $1.06.
Revenue for the quarter ended March 31 was $404.6 million, up from $327.5 million a year earlier.
Analysts surveyed by FactSet expected $392.1 million.
The company said it expects Q2 non-GAAP earnings of $1.30 per share plus or minus $0.25. Analysts surveyed by FactSet expect $1.29. The company expects revenue for the quarter of $420 million plus or minus $20 million. Analysts polled by FactSet expect $418.9 million.
Price: 112.48, Change: +15.07, Percent Change: +15.47
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.