Allied Motion (AMOT) Tops Q3 EPS by 17c

Allied Motion (NASDAQ: AMOT) reported Q3 EPS of $0.57, $0.17 better than the analyst estimate of $0.40. Revenue for the quarter came in at $96.6 million versus the consensus estimate of $92.14 million.

“We performed well in the quarter, delivering strong operating results as we execute on our strategy for growth. Organic revenue grew 10% driven by strong demand from market share gains in our Medical and Aerospace & Defense markets. Importantly, we also realized the positive effect that volume has on our margin profile,” commented Dick Warzala, Chairman and CEO. “While our bottom line was impacted by $0.08 per diluted share in the quarter from atypical foreign tax adjustments, our results validate that our business is capable of generating stronger earnings as we continue to grow.”

For earnings history and earnings-related data on Allied Motion (AMOT) click here.

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