American Superconductor (AMSC) Misses Q1 EPS by 3c

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Go back to American Superconductor (AMSC) Misses Q1 EPS by 3c

AMSC Reports First Quarter Fiscal 2015 Financial Results and Provides Business Outlook

August 5, 2015 8:31 AM EDT

DEVENS, Mass., Aug. 5, 2015 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a global solutions provider serving wind and power grid industry leaders, today reported financial results for its first quarter of fiscal 2015 ended June 30, 2015.

Revenues for the first quarter of fiscal 2015 were $23.7 million, compared with $11.7 million for the same period of fiscal 2014. The year over year increase in revenues was due to increases in both the Company's Wind and Grid segments.

AMSC's net loss for the first quarter of fiscal 2015 decreased to $9.1 million, or $0.75 per share, from $13.5 million, or $1.74 per share, for the same... More