AYER, Mass. (AP) — AYER, Mass. (AP) — American Superconductor Corp. (AMSC) on Wednesday reported fiscal second-quarter net income of $4.9 million, after reporting a loss in the same period a year earlier.
The Ayer, Massachusetts-based company said it had net income of 13 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 27 cents per share.
The wind turbine component maker posted revenue of $54.5 million in the period.
For the current quarter ending in December, American Superconductor said it expects revenue in the range of $55 million to $60 million.
American Superconductor shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.48, more than tripling in the last 12 months.
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