American Superconductor (AMSC) Misses Q2 EPS by 8c

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Go back to American Superconductor (AMSC) Misses Q2 EPS by 8c

AMSC Reports First Quarter Fiscal Year 2022 Financial Results and Provides Business Outlook

August 3, 2022 4:05 PM EDT

AYER, Mass., Aug. 03, 2022 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid and protect and expand the capability and resiliency of our Navys fleet, today reported financial results for its first quarter of fiscal year 2022 ended June 30, 2022.

Revenues for the first quarter of fiscal 2022 were $22.7 million compared with $25.4 million for the same period of fiscal 2021. The year-over-year decrease was a result of lower Grid segment revenues, primarily driven by less D-VAR revenues, versus... More