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Kornit Digital: 3Q Earnings Snapshot

·1 min read

ROSH-HAAYIN, Israel (AP) _ Kornit Digital Ltd. (KRNT) on Tuesday reported third-quarter earnings of $3.9 million.

On a per-share basis, the Rosh-Haayin, Israel-based company said it had net income of 9 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were 18 cents per share.

The digital textile printer posted revenue of $57.4 million in the period.

Kornit Digital shares have risen 99% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $68.17, a climb of 100% in the last 12 months.

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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