American Superconductor (AMSC) Misses Q2 EPS by 15c; Issues Light Q3 Outlook

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AMSC Reports Second Quarter Fiscal 2015 Financial Results and Provides Business Outlook

November 3, 2015 8:31 AM EST

DEVENS, Mass., Nov. 03, 2015 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a global solutions provider serving wind and power grid industry leaders, today reported financial results for its second quarter of fiscal 2015 ended September 30, 2015. 

Revenues for the second quarter of fiscal 2015 were $19.0 million, compared with $12.5 million for the same period of fiscal 2014. The year over year growth in revenues was provided by both operating segments, but particularly the Companys Wind segment.

AMSCs net loss for the second quarter of fiscal 2015 decreased to $7.7 million, or $0.57 per share, from $25.4 million, or $3.12 per... More