American Superconductor: Fiscal 4Q Earnings Snapshot
Posted June 2, 2020 4:53 pm.
Last Updated June 2, 2020 4:54 pm.
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.
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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