American Superconductor Corporation (NASDAQ: AMSC) has announced that it will be unveiling its second quarter financial results on Wednesday 30th October 2024. This announcement is set to occur after market close, allowing investors and analysts to gain valuable insights into the company's performance during the quarter.
As per the projections made by financial experts on Wall Street, the organization is expected to announce an estimated $0.04 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $50.57 million.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $206.23 million. Additionally, they are expecting the company to report profit of $0.3 per share for the fiscal year 2024.
The earnings report for the corresponding quarter in the previous year showcased an impressive $34 million revenue during that specific quarter.
Additionally, The company will host a conference call with investors and analysts on 31st October 2024 at 10:00 AM eastern time to review the Q2 2024 financial results.
During Monday's trading, American Superconductor Corporation (AMSC) shares reached a low of $23.30 and a high of $24.69, along with a total volume of 892.70 thousand shares. The stock ended the regular trading session at $24.22, reflecting an increase of 5.63 percent.
