American Superconductor Corp. (AMSC) reported first-quarter net income of $9.2 million, or $0.20 per share, compared with net income of $1.8 million, or $0.04 per share in the first quarter of fiscal 2009.
Non-GAAP net income was $13.0 million, or $0.28 per share for the first quarter of 2010, up from $5.5 million or $0.12 per share in the prior year quarter.
Revenues for the quarter rose 33% to $97.2 million from $73.0 million last year. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share on revenue of $93.39 million for the period. Analysts' estimate typically exclude special items
Looking ahead to fiscal 2010, the company raised its net income forecast to a range of $39.5 million - $42.0 million, or $0.85 - $0.90 per share from prior range of $37.5 million - $40.0 million or $0.80 - $0.85 per share.
Non-GAAP net income for the year is now projected in a range of $56.0 million - $58.5 million, or $1.20 - $1.25 per share, compared to prior outlook of $54.0 million - $56.5 million, or $1.15 - $1.20 per share.
Revenue is now expected between $415 million and $425 million versus prior range of $420 million to $430 million. Wall Street analysts estimate earnings of $1.19 per share on revenue of $423.65 million for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.