05:39 PM EDT, 07/30/2024 (MT Newswires) -- Advanced Energy Industries ( AEIS ) reported Q2 non-GAAP earnings Tuesday of $0.85 per share, down from $1.11 a year earlier.

Analysts polled by Capital IQ expected $0.71.

Revenue for the quarter ended June 30 was $364.95 million, down from $415.51 million a year ago.

Analysts surveyed by Capital IQ expected $350.5 million.

The company said it expects Q3 non-GAAP earnings of $0.90 per share, plus minus $0.25.

Revenue for the quarter is expected to be $370 million, plus minus $20 million.

Analysts polled by Capital IQ expect $0.90 on revenue of $372.9 million.