Arotech Corp. Reveals 233% Increase In Q4 Profit

(RTTNews) - Arotech Corp. (ARTX) revealed a profit for its fourth quarter that climbed from last year.

The company said its bottom line came in at $1.53 million, or $0.06 per share. This was higher than $0.46 million, or $0.02 per share, in last year's fourth quarter.

Analysts had expected the company to earn -$0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.1% to $27.41 million. This was down from $28.57 million last year.

Arotech Corp. earnings at a glance:

-Earnings (Q4): $1.53 Mln. vs. $0.46 Mln. last year. -Earnings Growth (Y-o-Y): 232.6% -EPS (Q4): $0.06 vs. $0.02 last year. -EPS Growth (Y-o-Y): 200% -Analysts Estimate: -$0.01 -Revenue (Q4): $27.41 Mln vs. $28.57 Mln last year. -Revenue Change (Y-o-Y): -4.1%