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Perion Network: 4Q Earnings Snapshot

HOLON, Israel (AP) _ Perion Network Ltd. (PERI) on Wednesday reported fourth-quarter net income of $4.9 million, after reporting a loss in the same period a year earlier.

The Holon, Israel-based company said it had profit of 19 cents per share.

The digital media company posted revenue of $72 million in the period.

For the year, the company reported net income of $8.1 million, or 31 cents per share, swinging to a profit in the period. Revenue was reported as $252.8 million.

The company's shares closed at $3.23. A year ago, they were trading at $2.88.


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