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Allied Motion posts 4Q profit

AMHERST, N.Y. (AP) _ Allied Motion Technologies Inc. (AMOT) on Monday reported fourth-quarter earnings of $709,000.

The Amherst, New York-based company said it had net income of 8 cents per share.

The motion control product maker posted revenue of $55.3 million in the period.

For the year, the company reported profit of $9.1 million, or $1 per share. Revenue was reported as $245.9 million.

Allied Motion shares have climbed nearly 10 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $23.44, a rise of 25 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


Keywords: Allied Motion Technologies, Earnings Report