American Superconductor (AMSC) will be restating its FQ2 and FQ3 2011 results, as the company...

|About: American Superconductor Cor... (AMSC)|By:, SA News Editor

American Superconductor (AMSC) will be restating its FQ2 and FQ3 2011 results, as the company cancels its recognition of revenues on unpaid shipments. As a result, the company expects FY2011 revenues to be approximately $307M, well below the consensus estimate of $360M. Its shares are currently halted. (PR)