American Superconductor (AMSC) Misses Q3 EPS by 9c
Get Alerts AMSC Hot Sheet
Price: $11.66 -0.77%
EPS Growth %: +92.9%
Financial Fact:
Cost of revenues: 16.4M
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: +92.9%
Financial Fact:
Cost of revenues: 16.4M
Today's EPS Names:
MAXN, CSTR, ACU, More
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American Superconductor (NASDAQ: AMSC) reported Q3 EPS of ($0.34), $0.09 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $23.9 million versus the consensus estimate of $23.99 million.
GUIDANCE:
American Superconductor sees Q4 2023 EPS of at least ($0.28), versus the consensus of ($0.16). American Superconductor sees Q4 2023 revenue of $27-30 million, versus the consensus of $30.7 million.
- For the fourth quarter ending March 31, 2023, AMSC expects that its revenues will be in the range of $27 million to $30 million. The Company’s net loss for the fourth quarter of fiscal 2022 is expected not to exceed $8.0 million, or $0.28 per share. The Company’s net loss guidance assumes no changes in contingent consideration and does not contemplate any severance related expenses associated with cost reduction actions highlighted above. The Company's non-GAAP net loss (as defined below) is expected not to exceed $6.0 million, or $0.21 per share. The Company expects operating cash flow to be a burn of $4.0 million to $6.0 million in the fourth quarter of fiscal 2022. The Company expects cash, cash equivalents, and restricted cash on March 31, 2023, to be greater than $25 million.
For earnings history and earnings-related data on American Superconductor (AMSC) click here.
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