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American Superconductor Posts 1st-ever Profit

Stock quotes in this article: AMSC  

DEVENS, Mass. (AP) — American Superconductor Corp., which makes equipment for power generators and utilities, reported the first quarterly profit in company history Thursday on a 60 percent jump in revenue.

The company earned $1.3 million, or 3 cents per share, reversing a year-ago loss of $1.8 million, or 4 cents per share. Excluding one-time costs, earnings totaled 9 cents per share.

Revenue climbed to $61.2 million from $38.4 million. ...

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