American Superconductor (AMSC) PT Lowered to $6 at Cowen
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AMSC Reports First Quarter Fiscal 2017 Financial Results and Provides Business Outlook
August 8, 2017 4:06 PM EDTDEVENS, Mass., Aug. 08, 2017 (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 2017 ended June 30, 2017.Â
Revenues for the first quarter of fiscal 2017 were $8.9 million, compared with $13.3 million for the same period of fiscal 2016. Revenues in both the Wind and Grid segments decreased year-over-year.
AMSCs net loss for the first quarter of fiscal 2017 increased to $15.3 million, or $0.91 per share, from $10.4 million, or $0.76 per share, for the same... More
