Allied Motion (AMOT) Tops Q1 EPS by 7c

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Go back to Allied Motion (AMOT) Tops Q1 EPS by 7c

Allied Motion Reports 7% Sales Increase for 2016 First Quarter

May 4, 2016 4:16 PM EDT

AMHERST, N.Y., May 04, 2016 (GLOBE NEWSWIRE) -- Allied Motion Technologies Inc. (NASDAQ: AMOT) (Company), a global designer and manufacturer of motion control products, today reported financial results for the first quarter ended March 31, 2016. 

Sales in the first quarter were up nearly 7% from last year as the contribution from the Heidrive acquisition offset the continued softness in our Vehicle market, commented Dick Warzala, Chairman and CEO of Allied Motion.  The decline in earnings from last year reflects higher operating costs in the quarter from increased investment in engineering and development for multi-product... More