Allied Motion (AMOT) Reports Q1 EPS of $0.32
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Allied Motion Reports Earnings Increase of 39% for the Quarter Ended March 31, 2015
May 6, 2015 5:42 PM EDTAMHERST, N.Y.--(BUSINESS WIRE)-- Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced net income increased 39% to $2,976,000 or $0.32 per diluted share for the quarter ended March 31, 2015 compared to $2,148,000 or $0.24 per diluted share for the quarter ended March 31, 2014. Revenues for the quarter declined 1% to $59,580,000 compared to $60,435,000 last year with the decline resulting from the strengthening of the U.S. dollar against foreign currencies. Sales volumes for the quarter were up over last year by 6%, while the currency impact reduced sales by 7%. Sales to U.S. customers were up 3% and foreign sales... More
