Allied Motion: Q2 Earnings Snapshot
AMHERST, N.Y. (AP) — AMHERST, N.Y. (AP) — Allied Motion Technologies Inc. (AMOT) on Wednesday reported second-quarter net income of $6.8 million.
The Amherst, New York-based company said it had profit of 42 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 58 cents per share.
The motion control product maker posted revenue of $146.8 million in the period.
Allied Motion shares have risen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.53, an increase of 42% 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
