American Superconductor Corp.(NASDAQ:AMSC) released its fourth-quarter results after Wednesday's closing bell. Here's a look at the details from the report.
The Details: American Superconductor reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate of 10 cents. Quarterly revenue came in at $66.7 million, which beat the analyst consensus estimate of $60.27 million and is up from revenue of $42.03 million from the same period last year.
Read Next: Nvidia’s $1 Trillion Comeback Shows DeepSeek No Longer Spooks Wall Street
“AMSC reported its strongest quarterly and annual performance in years,” said Daniel P. McGahn, chairman, CEO of AMSC.
“Fiscal fourth quarter revenue grew sequentially to over $66 million, up nearly 60% year-over-year. Net income surpassed $1.2 million, making our third consecutive quarter of profitability, and seventh consecutive quarter of positive operating cash flow. We secured $75 million in new orders, bringing total year-end orders to a recent record of nearly $320 million,” McGahn added.
Outlook: American Superconductor sees first-quarter adjusted earnings of 10 cents per share, versus the 10 cent estimate, and revenue in a range of $64 million to $68 million, versus the $60.65 million analyst estimate.
AMSC Price Action: According to data from Benzinga Pro, American Superconductor stock was up 7.57% at $26.02 after-hours on Wednesday.
Read Next:
Photo: Shutterstock
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.