American Superconductor Q2 2024 Adj. EPS $0.27 Beats $0.04 Estimate, Sales $54.471M Beat $50.567M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Superconductor (AMSC) reported Q2 2024 earnings of $0.27 per share, significantly surpassing the analyst estimate of $0.04. The company's sales reached $54.471 million, exceeding the expected $50.567 million and marking a 60.19% increase from the previous year.
October 30, 2024 | 8:38 pm
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POSITIVE IMPACT
American Superconductor's Q2 2024 earnings per share of $0.27 beat expectations by 575%, and sales of $54.471 million exceeded estimates by 7.72%, showing a 60.19% year-over-year increase.
The significant earnings beat and strong sales growth indicate robust financial performance, likely boosting investor confidence and positively impacting AMSC's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100