AYER, Mass. (AP) — AYER, Mass. (AP) — American Superconductor Corp. (AMSC) on Wednesday reported fiscal third-quarter net income of $117.8 million.
The Ayer, Massachusetts-based company said it had profit of $2.62 per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were $2.75 per share.
The wind turbine component maker posted revenue of $74.5 million in the period.
American Superconductor shares have declined 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.61, a climb of 9% in the last 12 months.
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