American Superconductor (AMSC) Tops Q1 EPS by 9c
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AMSC Reports First Quarter Fiscal 2018 Financial Results and Provides Business Outlook
July 31, 2018 4:05 PM EDTAYER, Mass., July 31, 2018 (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 2018 ended June 30, 2018.
Revenues for the first quarter of fiscal 2018 were $12.6 million, compared with $8.9 million for the same period of fiscal 2017. The year-over-year increase was driven by higher Grid segment revenues versus the year ago period, coupled with higher Wind segment revenues, due to increased shipments of electric control systems to Inox during the first quarter of fiscal 2018.
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