Allied Motion: Q2 Earnings Snapshot

August 3, 2022 GMT

AMHERST, N.Y. (AP) _ Allied Motion Technologies Inc. (AMOT) on Wednesday reported second-quarter earnings of $4.6 million.

On a per-share basis, the Amherst, New York-based company said it had net income of 29 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to 36 cents per share.

The motion control product maker posted revenue of $122.7 million in the period.

Allied Motion shares have fallen 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28.41, a decline of roughly 10% in the last 12 months.


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