American Superconductor Sees Q3 Sales $55.000M-60.000M vs $56.03M Est Non-GAAP net income expected to exceed $0.05 per share vs Est. $0.07
Portfolio Pulse from Benzinga Newsdesk
American Superconductor (AMSC) projects Q3 sales between $55 million and $60 million, slightly below the $56.03 million estimate. Non-GAAP net income is expected to exceed $0.05 per share, below the $0.07 estimate.
October 30, 2024 | 9:03 pm
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American Superconductor's Q3 sales forecast is slightly below estimates, and non-GAAP net income is expected to be lower than anticipated. This may lead to a negative short-term impact on the stock price.
The company's projected sales range is slightly below the market estimate, and the expected non-GAAP net income per share is also below expectations. This could lead to a negative reaction from investors, impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100