Allied Motion (AMOT) Reports Q2 EPS of $0.34
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Allied Motion Reports Earnings Increase of 16% For the Quarter Ended June 30, 2015
August 5, 2015 5:16 PM EDTAMHERST, N.Y.--(BUSINESS WIRE)-- Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced net income increased 16% to $3,125,000 or $0.34 per diluted share for the quarter ended June 30, 2015 compared to $2,693,000 or $0.29 per diluted share for the quarter ended June 30, 2014. Revenues for the quarter declined 3% to $60,479,000 compared to $62,069,000 last year. The strength of the U.S. dollar against foreign currencies continued to have an impact on the reported results of the second quarter as well as for the year.
The continued strength of the U.S. dollar poses a challenge in comparing... More
