Arotech: 3Q Earnings Snapshot
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.