American Superconductor: Fiscal 4Q Earnings Snapshot

By The Associated Press

AYER, Mass. (AP) _ American Superconductor Corp. (AMSC) on Tuesday reported a loss of $5.9 million in its fiscal fourth quarter.

The Ayer, Massachusetts-based company said it had a loss of 27 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 24 cents per share.

The wind turbine component maker posted revenue of $18.1 million in the period.

For the year, the company reported a loss of $17.1 million, or $1.03 per share, swinging to a loss in the period. Revenue was reported as $63.8 million.

For the current quarter ending in July, American Superconductor expects its per-share loss to be 25 cents.

The company said it expects revenue in the range of $18 million to $20 million for the fiscal first quarter.

American Superconductor shares have climbed almost 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.91, a drop of 19% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMSC at https://www.zacks.com/ap/AMSC

The Associated Press

Top Stories

Top Stories

Most Watched Today