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Kornit Digital: 4Q Earnings Snapshot

ROSH-HA'AYIN, Israel (AP) _ Kornit Digital Ltd. (KRNT) on Tuesday reported fourth-quarter net income of $7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Rosh-Ha'ayin, Israel-based company said it had profit of 19 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

The digital textile printer posted revenue of $37.8 million in the period.

For the year, the company reported net income of $12.4 million, or 35 cents per share, swinging to a profit in the period. Revenue was reported as $142.4 million.

Kornit Digital shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.96, a rise of 50 percent 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