American Superconductor (AMSC) Tops Q3 EPS by 11c

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

February 6, 2017 8:30 AM EST

DEVENS, Mass., Feb. 06, 2017 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a global solutions provider serving wind and power grid industry leaders, today reported financial results for its third quarter of fiscal 2016 ended December 31, 2016. 

Revenues for the third quarter of fiscal 2016 were $27.1 million, compared with $25.8 million for the same period of fiscal 2015. Revenues in both the Wind and Grid segments increased year-over-year.

AMSCs net loss for the third quarter of fiscal 2016 decreased to $2.8 million, or $0.20 per share, from $3.0 million, or $0.22 per share, for the same... More