Advanced Energy Industries Q4 Profit Decreases - Quick Facts

(RTTNews) - Advanced Energy Industries Inc. (AEIS) reported fourth-quarter net income of $9.32 million or $0.23 per share, compared to $34.36 million or $0.83 per share, prior year. Adjusted earnings per share was $0.50, for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $152.72 million from $152.58 million last year. Analysts expected revenue of $146.20 million for the quarter.

For its first-quarter, the company expects: sales of $137 million to $147 million; GAAP earnings per share of $0.32 to $0.40; and non-GAAP earnings per share of $0.38 to $0.46. Analysts expect the company to report first-quarter earnings per share of $0.36 on revenue of $143.14 million.