AYER, Mass. (AP) — AYER, Mass. (AP) — American Superconductor Corp. (AMSC) on Wednesday reported fiscal fourth-quarter net income of $1.2 million, after reporting a loss in the same period a year earlier.
The Ayer, Massachusetts-based company said it had net income of 3 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 12 cents per share.
The wind turbine component maker posted revenue of $66.7 million in the period.
For the year, the company reported net income of $6 million, or 16 cents per share, swinging to a profit in the period. Revenue was reported as $222.8 million.
For the current quarter ending in June, American Superconductor expects its per-share earnings to be 10 cents.
The company said it expects revenue in the range of $64 million to $68 million for the fiscal first quarter.
American Superconductor shares have decreased 1.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.25, a climb of 59% 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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