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Arotech: 2Q Earnings Snapshot

ANN ARBOR, Mich. (AP) _ Arotech Corp. (ARTX) on Wednesday reported second-quarter net income of $392,000.

The Ann Arbor, Michigan-based company said it had profit of 1 cent per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 3 cents per share.

The provider of defense and security products posted revenue of $23.3 million in the period.

Arotech expects full-year earnings in the range of 13 cents to 15 cents per share, with revenue in the range of $95 million to $105 million.

In the final minutes of trading on Wednesday, the company's shares hit $2.09. A year ago, they were trading at $3.90.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARTX at https://www.zacks.com/ap/ARTX