U.S. Markets open in 5 hrs 5 mins

Magal posts 4Q profit

YEHUD, Israel (AP) _ Magal Security Systems Ltd. (MAGS) on Wednesday reported fourth-quarter earnings of $2.9 million.

The Yehud, Israel-based company said it had profit of 13 cents per share.

The security and intelligence company posted revenue of $20.3 million in the period.

For the year, the company reported profit of $1 million, or 6 cents per share. Revenue was reported as $67.8 million.

Magal shares have risen 39 percent since the beginning of the year. The stock has increased 44 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 MAGS at https://www.zacks.com/ap/MAGS


Keywords: Magal Security, Earnings Report