January 27, 2017 / 9:34 PM / 3 years ago

BRIEF-American Superconductor sees Q3 2016 revenue $26-$27 mln

Jan 27 (Reuters) - American Superconductor Corp

* AMSC announces preliminary third quarter fiscal 2016 results

* Sees Q3 2016 revenue $26 million to $27 million

* For Q3 of fiscal year 2016, AMSC expects its revenues to be in range of $26 - $27 million

* Revenues are expected to increase in both wind and grid segments in third fiscal quarter compared to same quarter a year ago

* Revenues are expected to increase in both wind and grid segments in Q3 compared to same quarter a year ago

* For Q3 co expects its net loss to be in range of $2.5 - $3.0 million

* Q3 earnings per share view $-0.52, revenue view $23.8 million — Thomson Reuters I/B/E/S

* Entered into market issuance sales agreement with FBR capital markets to sell $10.0 million of shares through FBR

* Proceeds from atm are expected to be used to fund growth initiatives in company’s grid segment Source text for Eikon: Further company coverage:

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