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AMHERST, N.Y. (AP) — AMHERST, N.Y. (AP) — Allied Motion Technologies Inc. (AMOT) on Tuesday reported fourth-quarter earnings of $3.7 million.
On a per-share basis, the Amherst, New York-based company said it had profit of 23 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 43 cents per share.
The motion control product maker posted revenue of $131.1 million in the period.
For the year, the company reported profit of $17.4 million, or $1.09 per share. Revenue was reported as $503 million.
Allied Motion shares have climbed 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $43.16, an increase of 28% 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 AMOT">Zacks stock report on AMOT at https://www.zacks.com/ap/AMOT