Allied Motion (AMOT) Tops Q1 EPS by 7c
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Allied Motion Reports 7% Sales Increase for 2016 First Quarter
May 4, 2016 4:16 PM EDTAMHERST, 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.Â
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. Â 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
