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American Superconductor (AMSC) Tops Q1 EPS by 2c, Q3 Guidance Falls Short

August 5, 2014 8:50 AM

American Superconductor (NASDAQ: AMSC) reported Q1 EPS of ($0.15), $0.02 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $11.7 million versus the consensus estimate of $12.4 million.

Business Outlook

For the second quarter ending September 30, 2014, AMSC expects that its revenues will be flat to slightly higher sequentially. The Company's net loss for the second quarter of fiscal 2014 is expected to be less than $15.5 million, or $0.19 per share. A less favorable product mix is expected to result in a sequentially higher net loss. AMSC expects that its non-GAAP net loss (as defined below) for the second quarter of fiscal 2014 will be less than $13.0 million, or $0.16 per share. For the full fiscal year 2014, the Company continues to expect revenues to be down slightly compared to fiscal 2013.

(Street sees Q2 loss of $0.12)

For earnings history and earnings-related data on American Superconductor (AMSC) click here.

Categories

Earnings Guidance