American Superconductor Q1 Adj EPS $(0.08) Beats $(0.16) Estimate, Sales $30.25M Beat $27.75M Estimate
Portfolio Pulse from sunil@benzinga.com
American Superconductor (NASDAQ:AMSC) reported Q1 adjusted EPS of $(0.08), beating the estimate of $(0.16) by 50%. The company also reported quarterly sales of $30.25M, surpassing the estimate of $27.75M by 9.02%. This represents a 68% increase in EPS and a 33.40% increase in sales compared to the same period last year.
August 09, 2023 | 9:20 pm
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American Superconductor reported better than expected Q1 results, with a 68% increase in EPS and a 33.40% increase in sales YoY.
American Superconductor's Q1 results exceeded estimates, which is typically a positive signal for the company's stock. The significant YoY increases in both EPS and sales suggest improved financial performance, which could lead to a positive short-term impact on the stock.
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RELEVANCE 100