AMSC shares are trading higher after the company said it now expects FY24 revenues of $50 million to $55 million inclusive of its NWL acquisition.
Portfolio Pulse from Benzinga Newsdesk
AMSC shares rose as the company announced an expected FY24 revenue of $50 million to $55 million, including its NWL acquisition.
September 10, 2024 | 6:04 pm
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POSITIVE IMPACT
AMSC shares increased following the company's announcement of expected FY24 revenues between $50 million and $55 million, which includes the impact of its recent NWL acquisition.
The announcement of higher expected revenues, including the NWL acquisition, is a positive indicator for AMSC's financial performance, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100