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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 $2.6 million.

On a per-share basis, the Amherst, New York-based company said it had profit of 28 cents.

The motion control product maker posted revenue of $74 million in the period.

For the year, the company reported profit of $15.9 million, or $1.70 per share. Revenue was reported as $310.6 million.

Allied Motion shares have dropped roughly 7 percent since the beginning of the year. The stock has increased 28 percent 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