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Ultralife: 4Q Earnings Snapshot

NEWARK, N.Y. (AP) _ Ultralife Corp. (ULBI) on Thursday reported fourth-quarter net income of $19.7 million.

The Newark, New York-based company said it had profit of $1.21 per share.

The power and communications systems maker posted revenue of $20.9 million in the period.

For the year, the company reported profit of $24.9 million, or $1.53 per share. Revenue was reported as $87.2 million.

Ultralife shares have risen 19 percent since the beginning of the year. The stock has risen 24 percent in the last 12 months.

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