AMHERST, N.Y. (AP) — AMHERST, N.Y. (AP) — Allied Motion Technologies Inc. (AMOT) on Wednesday reported first-quarter earnings of $6.3 million.
On a per-share basis, the Amherst, New York-based company said it had profit of 39 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 55 cents per share.
The motion control product maker posted revenue of $145.5 million in the period.
Allied Motion shares have climbed 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.84, a climb of 47% 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 AMOT at https://www.zacks.com/ap/AMOT
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
