Allied Motion: Q3 Earnings Snapshot
Allied Motion Technologies Inc. (AMOT) on Wednesday reported third-quarter net income of $6.6 million. The Amherst, New York-based company said it had net income of 41 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 60 cents per share
By AP News
Published - Nov 02, 2022, 05:46 PM ET
Last Updated - Mar 18, 2024, 10:36 AM EDT
AMHERST, N.Y. (AP) _ Allied Motion Technologies Inc. (AMOT) on Wednesday reported third-quarter net income of $6.6 million.
The Amherst, New York-based company said it had net income of 41 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 60 cents per share.
The motion control product maker posted revenue of $134.4 million in the period.
Allied Motion shares have declined 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.62, a decline of almost 10% in the last 12 months.
