💨 Abstract

American Superconductor Corp. (AMSC) reported fiscal first-quarter net income of $6.7 million, a significant improvement from a loss in the same period the previous year. The company, based in Ayer, Massachusetts, reported earnings of 17 cents per share, with adjusted earnings of 29 cents per share. Revenue for the quarter was $72.4 million. AMSC anticipates per-share earnings of 14 cents for the current quarter.

Courtesy: WTOP Staff