AMHERST, N.Y. (AP) — AMHERST, N.Y. (AP) — Allient Inc. (ALNT) on Wednesday reported second-quarter earnings of $1.2 million.
On a per-share basis, the Amherst, New York-based company said it had net income of 7 cents. Earnings, adjusted for amortization costs and restructuring costs, were 29 cents per share.
The motion control product maker posted revenue of $136 million in the period.
Allient shares have declined 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.86, a drop of 29% in the last 12 months.
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