American Superconductor (AMSC) Tops Q4 EPS by 4c

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Go back to American Superconductor (AMSC) Tops Q4 EPS by 4c

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

May 25, 2017 8:31 AM EDT

DEVENS, Mass., May 25, 2017 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a global solutions provider serving wind and power grid industry leaders, today reported financial results for its fourth quarter and full year fiscal 2016 ended March 31, 2017. 

Revenues for the fourth quarter of fiscal 2016 were $16.2 million, compared with $27.5 million for the same period of fiscal 2015. The year-over-year decrease was largely due to lower Wind segment revenues, primarily due to lower than expected shipments of electric control systems to Inox during the fourth quarter of fiscal 2016.

AMSCs net loss for the fourth... More