AP NEWS

Arotech: 2Q Earnings Snapshot

August 7, 2018

ANN ARBOR, Mich. (AP) _ Arotech Corp. (ARTX) on Tuesday reported second-quarter net income of $84,000, after reporting a loss in the same period a year earlier.

The Ann Arbor, Michigan-based company said it had profit of less than 1 cent on a per-share basis. Earnings, adjusted for amortization costs and non-recurring costs, came to 3 cents per share.

The provider of defense and security products posted revenue of $21.9 million in the period.

Arotech expects full-year earnings in the range of 14 cents to 16 cents per share, with revenue in the range of $100 million to $105 million.

In the final minutes of trading on Tuesday, the company’s shares hit $3.90. A year ago, they were trading at $3.45.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARTX at https://www.zacks.com/ap/ARTX

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