Kornit Digital: Q4 Earnings Snapshot

Associated Press Finance
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ROSH-HAAYIN, Israel (AP) — ROSH-HAAYIN, Israel (AP) — Kornit Digital Ltd. (KRNT) on Wednesday reported a loss of $22.9 million in its fourth quarter.

The Rosh-Haayin, Israel-based company said it had a loss of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

The digital textile printer posted revenue of $56.6 million in the period.

For the year, the company reported a loss of $64.4 million, or $1.31 per share. Revenue was reported as $219.8 million.

For the current quarter ending in March, Kornit Digital said it expects revenue in the range of $43 million to $48 million.

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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

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