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Add as a preferred source on GoogleAdvanced Energy Industries Shares Rise Nearly 10% After Q3 Results
Third-quarter revenue climbed 50% year over year to $696.4 million, topping the $644.84 million consensus estimate.
Advanced Energy Industries, Inc. (AEIS) shares rose nearly 10% Tuesday, adding $20.91 to close at $238.10 following the company's third-quarter results.
Revenue for the quarter ended Sept. 30 reached $696.4 million, up 50% from $463.3 million a year earlier. The result exceeded the $644.84 million consensus estimate.
Semiconductor Equipment generated $322 million in revenue, while Data Center Computing generated $256 million. Both segments set quarterly records in the company's third-quarter results.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.