American Superconductor Exceeds Q3 Earnings Expectations with $74.53M Revenue and $2.62 EPS

American Superconductor reported Q3 GAAP EPS of $2.62, beating estimates by $2.55. Revenue reached $74.53M, a 21.4% YoY increase, exceeding expectations by $5.5M. For Q4, the company expects revenues to exceed $80M and net income to exceed $3M, or $0.07 per share. Non-GAAP net income is expected to exceed $8M, or $0.17 per share.