American Superconductor (AMSC) Tops Q1 EPS by 28c; Issues Light Q2 Outlook

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Go back to American Superconductor (AMSC) Tops Q1 EPS by 28c; Issues Light Q2 Outlook

AMSC Reports First Quarter Fiscal 2016 Financial Results and Provides Business Outlook

August 9, 2016 8:31 AM EDT

DEVENS, Mass., Aug. 09, 2016 (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 2016 ended June 30, 2016. 

Revenues for the first quarter of fiscal 2016 were $13.3 million, compared with $23.7 million for the same period of fiscal 2015. The year over year decrease in revenues was largely due to lower Wind segment revenues during the first quarter of fiscal 2016.

AMSCs net loss for the first quarter of fiscal 2016 increased to $10.4 million, or $0.76... More