AYER, Mass. (AP) — AYER, Mass. (AP) — American Superconductor Corp. (AMSC) on Tuesday reported a loss of $2.5 million in its fiscal first quarter.
On a per-share basis, the Ayer, Massachusetts-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 8 cents per share.
The wind turbine component maker posted revenue of $40.3 million in the period.
For the current quarter ending in September, American Superconductor said it expects revenue in the range of $38 million to $42 million.
American Superconductor shares have increased 85% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.59, more than doubling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMSC at https://www.zacks.com/ap/AMSC
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