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Kornit Digital: 1Q Earnings Snapshot

ROSH-HA'AYIN, Israel (AP) _ Kornit Digital Ltd. (KRNT) on Monday reported a first-quarter loss of $1.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Rosh-Ha'ayin, Israel-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The digital textile printer posted revenue of $38.2 million in the period.

Kornit Digital shares have increased 40% since the beginning of the year. In the final minutes of trading on Monday, shares hit $26.26, a climb of 69% in the last 12 months.


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