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Allied Motion: 4Q Earnings Snapshot

AMHERST, N.Y. (AP) _ Allied Motion Technologies Inc. (AMOT) on Wednesday reported fourth-quarter profit of $3.5 million.

On a per-share basis, the Amherst, New York-based company said it had profit of 37 cents.

The motion control product maker posted revenue of $87.9 million in the period.

For the year, the company reported profit of $17 million, or $1.80 per share. Revenue was reported as $371.1 million.

Allied Motion shares have decreased 35% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.76, a decrease of 24% in the last 12 months.

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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