Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / AEIS - Advanced Energy posts Q4 beat; Kelley to succeed Wasserman as CEO

AEIS - Advanced Energy posts Q4 beat; Kelley to succeed Wasserman as CEO

Advanced Energy Industries Inc.
Advanced Energy Industries (AEIS) -0.8% pre-market after reporting better than expected Q4 adjusted earnings as revenues rose nearly 10% Y/Y to $371M.FY 2020 non-GAAP EPS was a record $5.23, more than double the $2.44 from FY 2019.The company issues in-line guidance for Q1, seeing adjusted EPS of $1.10-$1.40 vs. $1.19 analyst consensus estimate, and revenues of $335M-$365M vs. $351.5M consensus.Advanced Energy also says Yuval Wasserman will retire as President and CEO and as a member of the board, effective March 1.Former Amkor Technology President and CEO Steve Kelley will take over as Advanced Energy's new President and CEO.Wasserman became President and CEO in 2014 after joining the company 14 years ago.

For further details see:

Advanced Energy posts Q4 beat; Kelley to succeed Wasserman as CEO
Stock Information
Company Name: Advanced Energy Industries Inc.
Stock Symbol: AEIS
Market: NASDAQ
Website: advancedenergy.com
Menu
AEIS AEIS Quote AEIS Short AEIS News AEIS Articles AEIS Message Board
Get AEIS Alerts

News, Short Squeeze, Breakout and More Instantly...