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American Superconductor: Fiscal 2Q Earnings Snapshot

·1 min read

AYER, Mass. (AP) _ American Superconductor Corp. (AMSC) on Wednesday reported a loss of $3.7 million in its fiscal second quarter.

The Ayer, Massachusetts-based company said it had a loss of 17 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 13 cents per share.

The wind turbine component maker posted revenue of $21.1 million in the period.

For the current quarter ending in January, American Superconductor expects its per-share earnings to be 21 cents.

The company said it expects revenue in the range of $22 million to $25 million for the fiscal third quarter.

American Superconductor shares have risen 86% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.58, a rise of 77% 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