Allied Motion Reports Second Quarter 2020 Results

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Allied Motion (AMOT) Tops Q2 EPS by 27c

August 5, 2020 5:04 PM EDT

Allied Motion (NASDAQ: AMOT) reported Q2 EPS of $0.32, $0.27 better than the analyst estimate of $0.05. Revenue for the quarter came in at $86.7 million versus the consensus estimate of $80.74 million.

I want to acknowledge the incredible efforts and dedication of our employees who have done an excellent job helping us navigate the challenges of the COVID-19 pandemic. We have continued to operate all of our facilities and were able to flex up and support the increased demand... More