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Mocon posts 4Q profit

MINNEAPOLIS (AP) _ Mocon Inc. (MOCO) on Wednesday reported fourth-quarter profit of $1.8 million.

On a per-share basis, the Minneapolis-based company said it had net income of 30 cents.

The developer of measurement, analytical, monitoring and consulting products posted revenue of $16.9 million in the period.

For the year, the company reported profit of $5 million, or 86 cents per share. Revenue was reported as $63.3 million.

Mocon shares have increased slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.75, a climb of 48 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 MOCO at https://www.zacks.com/ap/MOCO


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