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AEIS - Advanced Energy Industries Inc News Story

$59.81 1.9  3.3%

Last Trade - 7:15pm

Sector
Technology
Size
Mid Cap
Market Cap £1.74bn
Enterprise Value £1.70bn
Revenue £918.7m
Position in Universe 1675th / 6393

BUZZ-Advanced Energy Industries Inc: Hits more than 2-year low

Tue 30th October, 2018 3:53pm
** Power and control technology solutions provider's shares 
 AEIS.O  down as much 8.1 pct at $40.50 - their lowest since
August 2016
    ** Co expects Q4 adj. EPS from cont.ops between 70 cents and
80 cents vs. Refinitiv estimates of 99 cents  urn:newsml:reuters.com:*:nGNX31qdyl
    ** "We expect our fourth quarter to be impacted by the
continued pause in semiconductor capital spending and by
seasonally lower activity in our Industrial markets" - President
and CEO Yuval Wasserman
    ** Susquehanna cuts PT to $45 from $70
    ** Stock has fallen ~37.6 pct this year 

 (Reporting by Aaron Saldanha in Bengaluru)
 ((Aaron.Saldanha@thomsonreuters.com; +91 80 6749 1130; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))
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