American Superconductor Corporation (AMSC) released Loss for first quarter that decreased from the same period last year but missed the Street estimates.
The company's earnings totaled -$2.524 million, or -$0.07 per share. This compares with -$5.398 million, or -$0.19 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 33.2% to $40.290 million from $30.254 million last year.
American Superconductor Corporation earnings at a glance (GAAP) :
-Earnings (Q1): -$2.524 Mln. vs. -$5.398 Mln. last year.
-EPS (Q1): -$0.07 vs. -$0.19 last year.
-Revenue (Q1): $40.290 Mln vs. $30.254 Mln last year.
-Guidance:
Next quarter EPS guidance: (-$0.05)
Next quarter revenue guidance: $38.0 - $42.0 Mln
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