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Arotech posts 3Q profit

ANN ARBOR, Mich. (AP) _ Arotech Corp. (ARTX) on Wednesday reported third-quarter net income of $788,000.

The Ann Arbor, Michigan-based company said it had net income of 3 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 6 cents per share.

The provider of defense and security products posted revenue of $25.9 million in the period.

Arotech expects full-year earnings in the range of 16 cents to 20 cents per share, with revenue in the range of $95 million to $100 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.75. A year ago, they were trading at $2.35.


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