Allied Motion (AMOT) Tops Q2 EPS by 2c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/2/2026
- Wall St set to open higher as jobs data dampens rate hike odds, yields fall
- U.S. economy adds fewer jobs than expected as unemployment rate ticks higher
- Nvidia returns as Morgan Stanley’s Top Pick on attractive valuation
- Citi says rate volatility without Fed repricing is concerning
- U.S. credit-reporting stocks fall as FHFA weighs two-bureau mortgage rule
Allied Motion Reports Operating Income Growth of 60% to a Record $12.0 Million on Revenue of $146.8 Million in Second Quarter 2023
August 2, 2023 4:23 PM EDTRevenue grew 20% to a record $146.8 million with organic growth of 17% on a constant currency basis for the quarter Gross margin was 31.3% with operating income up 60% to a record $12.0 million, up 210 basis points Net income up 48% to $6.8 million or $0.42 per diluted share Adjusted net income up 23% to $0.58 per share Generated $13.7 million of cash from operations and reduced debt balance $9.4 million during the quarter
AMHERST, N.Y.--(BUSINESS... More
