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American Superconductor Corp Lowers Q3 2012 Guidance


Wednesday, 28 Nov 2012 08:30am EST 

American Superconductor Corp announced that it has revised guidance for the third fiscal quarter of 2012 as a result of anticipated wind turbine electrical control system shipment delays to certain of its Windtec Solutions partners. The Company now expects that its revenues will exceed $20 million for the quarter and net loss will be less than $24 million, or $0.46 per share. This guidance includes the aforementioned restructuring charges but assumes no impact from mark-to-market adjustments related to the derivative liability and warrants. AMSC expects that its non-GAAP (as defined below) net loss for the third quarter of 2012 will be less than $16 million, or $0.31 per share. 

Company Quote

1.37
-0.04 -2.84%
1:40pm EDT