Advanced Energy Reports Strong Q3 Earnings, Shares Rise

• Advanced Energy reported Q3 revenue of about $696 million, a 50% increase.
• GAAP earnings per share more than doubled to $2.80 in Q3.
• Shares rose about 10% in early after-hours trading following the earnings report.
• Operating expenses rose, but sales are growing faster than costs, improving profit margins.
• The company's cash flow is not keeping pace with earnings, indicating operating leverage.