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Perion Network: 2Q Earnings Snapshot

HOLON, Israel (AP) _ Perion Network Ltd. (PERI) on Thursday reported second-quarter net income of $986,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Holon, Israel-based company said it had net income of 1 cent. Earnings, adjusted for non-recurring costs and amortization costs, were 6 cents per share.

The digital media company posted revenue of $62.8 million in the period.

The company's shares closed at $1.09. A year ago, they were trading at $1.36.

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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 PERI at https://www.zacks.com/ap/PERI