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Allied Motion: 3Q Earnings Snapshot

AMHERST, N.Y. (AP) _ Allied Motion Technologies Inc. (AMOT) on Thursday reported third-quarter profit of $4.6 million.

The Amherst, New York-based company said it had net income of 49 cents per share. Earnings, adjusted for pretax expenses, were 57 cents per share.

The motion control product maker posted revenue of $96.6 million in the period.

Allied Motion shares have fallen 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.86, a fall of 13% 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