Advanced Energy (AEIS) Beats Q4 Expectations; Positive Q1 Outlook

Advanced Energy Industries, Inc. (NASDAQ: AEIS), a maker of power conversion, and control systems, defied analyst expectations to report Q4 earnings of $1.5 million (4 cents per share). This compares favorably to a loss of $19 million (45 cents per share) for Q4 2008.

The company’s shares were up 7% trading at $15.21 on Tuesday, following the robust Q4 result. Q1 EPS is expected to vary between 13 to 17 cents per share, on revenue of $77 million to $83 million.

Advanced Energy Industries, Inc. attributed the Q4 results to the recovery in the semiconductor equipment market, and the sale of its Solaron inverter.