American Superconductor Stock Climbs On Strong Q4 Results: The Details
Portfolio Pulse from Erica Kollmann
American Superconductor Corporation (NASDAQ:AMSC) shares surged after the company reported strong Q4 results, beating analyst estimates on both earnings and revenue. The company posted earnings of 5 cents per share against an expected loss of 2 cents and reported sales of $42.03 million, a 32.4% increase year-over-year. AMSC also provided an optimistic outlook for the first quarter and fiscal year 2024.
May 30, 2024 | 4:36 pm
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American Superconductor reported strong Q4 results, with earnings of 5 cents per share and sales of $42.03 million, both beating analyst estimates. The company also provided an optimistic outlook for the first quarter and fiscal year 2024.
The strong Q4 results and optimistic outlook for the next fiscal year are likely to boost investor confidence, driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100