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Stock impact report

AMSC Reports First Quarter Fiscal Year 2019 Financial Results and Provides Business Outlook

American Superconductor Corp (AMSC)  More Company Research Source: GlobeNewswire
Last american superconductor corp earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.amsc.com/investor-relations
PDF AYER, Mass., Aug. 06, 2019 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a global solutions provider serving power grid and wind industry leaders, today reported financial results for its first quarter of fiscal year 2019 ended June 30, 2019. Revenues for the first quarter of fiscal 2019 were $13.8 million compared with $12.6 million for the same period of fiscal 2018. The year-over-year increase was driven by higher Grid segment revenues versus the year ago period. The higher Grid segment revenues are primarily due to increased D-VAR revenues. AMSC’s net loss for the first quarter of fiscal 2019 was $3.5 million, or $0.17 per share, compared to a net loss of $4.7 million, or $0.23 per share, for the same period of fiscal 2018. The Company’s non-GAAP net loss for the first quarter of fiscal 2019 was $6.2 million, or $0.30 per share, compared with a non-GAAP net loss of $3.6 million, or $0.18 per share, in the same period of fiscal 2018. Please refer to the financial table below for [Read more]
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