U.S. Markets closed

Mellanox: 4Q Earnings Snapshot

YOKNEAM, Israel (AP) _ Mellanox Technologies Ltd. (MLNX) on Wednesday reported fourth-quarter profit of $73.9 million.

On a per-share basis, the Yokneam, Israel-based company said it had profit of $1.29. Earnings, adjusted for stock option expense and amortization costs, came to $2.31 per share.

The semiconductor company posted revenue of $379.8 million in the period.

For the year, the company reported profit of $205.1 million, or $3.62 per share. Revenue was reported as $1.33 billion.

Mellanox shares have climbed roughly 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $119.26, an increase of 46% 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 MLNX at https://www.zacks.com/ap/MLNX