Stock Track | American Superconductor Plummets 5.61% Intraday as Profit-Taking Follows Strong Pre-Market Rally on Earnings Beat

Stock Track

9小時前

American Superconductor's stock fell 5.61% during intraday trading on Thursday, reversing earlier gains from the pre-market session.

The decline followed the company's release of better-than-expected fiscal third-quarter results before the market opened. American Superconductor reported revenue of $74.5 million, topping analyst estimates of $69.2 million, and provided optimistic guidance for the fourth quarter, expecting adjusted earnings to exceed $0.17 per share and revenue above $80 million.

These strong results had initially fueled investor optimism, driving the stock up approximately 18% in pre-market trading. However, the intraday session saw investors taking profits, leading to the price decline as the initial positive reaction to the earnings news subsided.

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