American Superconductor Reports Better-Than-Expected Q4 Results: Details

American Superconductor shares rose 7.57% in after-hours trading Wednesday after the company reported stronger-than-expected fourth-quarter earnings and revenue. The company posted earnings of 13 cents per share, beating the 10-cent consensus estimate. Revenue reached $66.7 million, exceeding the $60.27 million estimate and rising from $42.03 million in the year-ago period. CEO Daniel P. McGahn highlighted the company's third straight profitable quarter and record year-end orders totaling nearly $320 million. AMSC expects first-quarter earnings of 10 cents per share and revenue between $64 million and $68 million, ahead of Street expectations.