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Allied Motion: 1Q Earnings Snapshot

AMHERST, N.Y. (AP) _ Allied Motion Technologies Inc. (AMOT) on Wednesday reported first-quarter profit of $4 million.

On a per-share basis, the Amherst, New York-based company said it had net income of 42 cents. Earnings, adjusted for non-recurring costs, were 44 cents per share.

The motion control product maker posted revenue of $92.4 million in the period.

Allied Motion shares have dropped 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.48, a decline of 31% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMOT at https://www.zacks.com/ap/AMOT