American Superconductor (AMSC) Tops Q4 EPS by 1c, Miss on Revenues; Provides Business Outlook

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Go back to American Superconductor (AMSC) Tops Q4 EPS by 1c, Miss on Revenues; Provides Business Outlook

AMSC Reports Fourth Quarter and Fiscal 2017 Financial Results and Provides Business Outlook

June 6, 2018 4:05 PM EDT

AYER, Mass., June 06, 2018 (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 2017 ended March 31, 2018. 

"Fiscal 2017 marked the year we commercialized AMSC's high-temperature superconductor technology as represented by the U.S. Navy's Ship Protection System order for the USS Fort Lauderdale. Our grid business grew by more than 20% in fiscal 2017 - our third year in a row of growth in our grid segment. We expect revenue growth again in... More