05:04 PM EDT, 05/29/2024 (MT Newswires) -- American Superconductor ( AMSC ) reported fiscal Q4 non-GAAP net income late Wednesday of $0.06 per share, swinging from a loss of $0.28 a year earlier.

Three analysts polled by Capital IQ expected a loss of $0.02.

Revenue for the quarter ended March 31 was $42.0 million, compared with $31.7 million a year earlier.

Three analysts surveyed by Capital IQ expected $37.1 million.

The company expects a fiscal Q1 non-GAAP net loss not exceeding $0.01 and revenue ranging from $38 million to $42 million. Three analysts in a Capital IQ poll expect a loss of $0.03 and revenue of $35.4 million.

Shares of the company climbed 8% in recent after-hours activity.

Price: 16.69, Change: +0.90, Percent Change: +5.70