American Superconductor Q4 Adj $0.05 Beats $(0.02) Estimate, Sales $42.03M Beat $37.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Superconductor (NASDAQ:AMSC) reported strong Q4 earnings, with an adjusted EPS of $0.05 beating the $(0.02) estimate and sales of $42.03 million surpassing the $37.13 million estimate. This marks significant year-over-year improvements in both earnings and sales.
May 29, 2024 | 8:45 pm
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American Superconductor reported Q4 earnings of $0.05 per share, significantly beating the $(0.02) estimate. Sales also exceeded expectations at $42.03 million. Both metrics show substantial year-over-year growth.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, is likely to positively impact AMSC's stock price in the short term.
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