American Superconductor's stock experienced a sharp decline of 6.30% in after-hours trading on Wednesday. The move followed the release of the company's latest financial results.
The power control solutions provider reported a strong fourth quarter, with non-GAAP earnings per share of $0.31, significantly beating the FactSet consensus estimate of $0.19. Revenue for the quarter reached $86.4 million, also surpassing analyst expectations of $82.1 million.
However, the stock plunged as the company issued guidance for the first quarter of fiscal 2026 that fell short of market expectations. American Superconductor forecast adjusted EPS to exceed $0.17 and revenue to surpass $85 million, while analysts were anticipating $0.22 per share and approximately $87.1 million in revenue, respectively. The weaker-than-expected outlook overshadowed the positive Q4 results, leading to the sell-off.
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