- Category: Business
26 Sep 2011
- Published on Monday, 26 September 2011 04:15
- Hits (1983)
Electrical systems company American Superconductor Corporation announced that their revenues and profits for the first quarter of this year and the whole of fiscal year 2010 were hurt following cancelled supply deals with its largest customer.The company’s revenues for the first quarter ended June 30 fell to $9.1 million from $97.2 million a year earlier. Net loss was $37.7 million, or 74 cents a share, compared with $9.2 million, or 20 cents a share, year-on-year.
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