American Superconductor Sees Q1 2024 EPS $(0.01) Vs $(0.03) Est.; Revenue $38M-$42M Vs $35.4M Est.
Portfolio Pulse from Benzinga Newsdesk
American Superconductor (AMSC) reported Q1 2024 EPS of $(0.01) versus an estimated $(0.03), and revenue of $38M-$42M versus an estimated $35.4M. The company expects a net loss not exceeding $2.2M or $0.05 per share, with non-GAAP net loss not exceeding $0.5M or $0.01 per share. Operating cash flow is expected to range from break-even to positive $2M, and cash reserves to be no less than $91M by June 30, 2024.
May 29, 2024 | 8:47 pm
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American Superconductor (AMSC) reported better-than-expected Q1 2024 EPS and revenue. The company also provided a positive outlook for operating cash flow and cash reserves.
AMSC's Q1 2024 EPS of $(0.01) beat the estimated $(0.03), and revenue of $38M-$42M exceeded the estimated $35.4M. The positive outlook for operating cash flow and cash reserves further strengthens the company's financial position, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100