Advanced Energy (AEIS) Q2 Earnings Top Estimates, Revenues Fall

Advanced Energy Industries (AEIS) reported non-GAAP earnings of 85 cents per share in second-quarter 2024, beating the Zacks Consensus Estimate by 23.19%. The bottom line declined 23.4% on a year-over-year basis.Revenues of $365 million beat the Zacks Consensus Estimate by 5.74% but declined 12.1% year over year, primarily due to the weakness across non-semi markets.End Market in DetailSemiconductor Equipment: Revenues (51.6% of total revenues) generated from the market rose 9% year over year to$ 188 millio ...