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AMSC 2nd-qtr loss narrows on lower costs
November 6, 2012 / 12:40 PM / 5 years ago

AMSC 2nd-qtr loss narrows on lower costs

Nov 6 (Reuters) - Power technology company AMSC reported a narrower second-quarter loss as costs fell 69 percent.

For the quarter ended Sept. 30, the company reported a net loss of $16 million, or 31 cents per share, compared with $51.7 million, or $1.02 per share, a year earlier.

Total revenue was nearly flat at $20.9 million.

AMSC, which makes electrical systems used in wind turbines, said costs and expenses fell to $15.5 million.

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