AP NEWS

Amtech: Fiscal 4Q Earnings Snapshot

November 21, 2019 GMT

TEMPE, Ariz. (AP) _ Amtech Systems Inc. (ASYS) on Thursday reported fiscal fourth-quarter net income of $798,000, after reporting a loss in the same period a year earlier.

The Tempe, Arizona-based company said it had profit of 6 cents per share. Earnings, adjusted to account for discontinued operations and restructuring costs, were 7 cents per share.

The provider of equipment for solar panel and semiconductor makers posted revenue of $20.2 million in the period.

For the year, the company reported a loss of $5.2 million, or 36 cents per share, swinging to a loss in the period. Revenue was reported as $85 million.

For the current quarter ending in January, Amtech said it expects revenue in the range of $16 million to $18 million.

Amtech shares have increased 23% since the beginning of the year. The stock has risen slightly more than 6% 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 ASYS at https://www.zacks.com/ap/ASYS