American Superconductor Corporation (NASDAQ:AMSC) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
American Superconductor Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.21 in the quarter versus EPS of $-0.30 in the year-earlier quarter.
Revenue: Decreased 28.75% to $20.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Superconductor Corporation reported adjusted EPS loss of $0.21 per share. By that measure, the company met the mean analyst estimate of $-0.21. It beat the average revenue estimate of $18.8 million.
Quoting Management: “AMSC delivered improved results in fiscal year 2012, growing revenues by 14% and reducing cash burn by more than 70%,” said Daniel P. McGahn, AMSC President and CEO. “We continue to execute on our plans. We managed expenses to reduce our net loss by more than 50%. Fiscal 2012 marked a year of transition for the Company.”
Key Stats (on next page)…