AP NEWS

Arotech: 3Q Earnings Snapshot

November 6, 2018

ANN ARBOR, Mich. (AP) _ Arotech Corp. (ARTX) on Tuesday reported third-quarter net income of $741,000.

On a per-share basis, the Ann Arbor, Michigan-based company said it had profit of 3 cents. Earnings, adjusted for amortization costs and stock option expense, were 6 cents per share.

The provider of defense and security products posted revenue of $23.8 million in the period.

Arotech expects full-year earnings in the range of 16 cents to 18 cents per share, with revenue in the range of $95 million to $100 million.

In the final minutes of trading on Tuesday, the company’s shares hit $2.80. A year ago, they were trading at $3.85.

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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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