American Superconductor Q1 2024 Adj. EPS $0.08 Beats $0.01 Estimate, Sales $40.290M Beat $39.333M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Superconductor (NASDAQ:AMSC) reported Q1 2024 adjusted EPS of $0.08, significantly beating the $0.01 estimate. Sales were $40.290M, surpassing the $39.333M estimate. This marks a 200% increase in EPS and a 33.17% rise in sales compared to the same period last year.
August 06, 2024 | 8:53 pm
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American Superconductor (NASDAQ:AMSC) reported Q1 2024 adjusted EPS of $0.08, significantly beating the $0.01 estimate. Sales were $40.290M, surpassing the $39.333M estimate. This marks a 200% increase in EPS and a 33.17% rise in sales compared to the same period last year.
The significant beat on both EPS and sales estimates, along with substantial year-over-year growth, is likely to positively impact AMSC's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100