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.