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Monday, Feb 11
More on American Superconductor: The company has received a new $30M order from wind turbine...
More on American Superconductor: The company has received a new $30M order from wind turbine maker Inox. FQ4 guidance is for revenue of $18M+ and EPS above -$0.23 vs. a consensus of $25.8M and -$0.26. The FQ3 revenue miss is blamed on "delayed revenue recognition" from a Wind division client; no explanation for why FQ4 revenue guidance is also light. Wind division sales -33% Y/Y to $6.8M, Grid division +34% to $10.6M thanks to strong D-VAR sales. Gross margin was just 5.1%, but up from FQ2's 2.3%. AMSC -4.2% AH after rallying 10.6% in normal trading. CC at 5PM ET (webcast). (PR)