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Arotech reports 4Q loss

ANN ARBOR, Mich. (AP) _ Arotech Corp. (ARTX) on Wednesday reported a fourth-quarter loss of $2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Ann Arbor, Michigan-based company said it had a loss of 8 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 1 cent per share.

The provider of defense and security products posted revenue of $21.5 million in the period.

For the year, the company reported that its loss narrowed to $2.8 million, or 11 cents per share. Revenue was reported as $93 million.

Arotech expects full-year earnings in the range of 20 cents to 24 cents per share, with revenue in the range of $93 million to $103 million.

In the final minutes of trading on Wednesday, the company's shares hit $4.10. A year ago, they were trading at $2.49.


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


Keywords: Arotech, Earnings Report