AP NEWS

Amtech: Fiscal 4Q Earnings Snapshot

November 29, 2018

TEMPE, Ariz. (AP) _ Amtech Systems Inc. (ASYS) on Thursday reported a fiscal fourth-quarter loss of $9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Tempe, Arizona-based company said it had a loss of 61 cents. Losses, adjusted for asset impairment costs, were 23 cents per share.

The provider of equipment for solar panel and semiconductor makers posted revenue of $28.8 million in the period.

For the year, the company reported profit of $5.3 million, or 35 cents per share. Revenue was reported as $176.4 million.

For the current quarter ending in January, Amtech said it expects revenue in the range of $27 million to $29 million.

Amtech shares have decreased 45 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.57, a decrease of 45 percent in the last 12 months.

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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 ASYS at https://www.zacks.com/ap/ASYS

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