logo
Share SHARE
FONT-SIZE Plus   Neg

API Technologies Swings To Q1 Profit

API Technologies Corp. (ATNY) Monday swung to a first-quarter profit from a loss last year, helped mainly by higher revenues and stronger margins.

Net profit for the quarter was $0.8 million or $0.01 per share, compared to a net loss of $10.5 million or $0.57 per share in the same period last year.

First-quarter net revenues increased to $70.7 million from $24.6 million last year. Gross margin advanced to 24.9 percent from 18.9 percent last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Automakers on Monday reported strong U.S. vehicle sales for the month of July, driven by continued demand for trucks and sport-utility vehicles amid an improving economy, lower gas prices and easy availability of credit. Detroit's Big Three - General Motors Co., Ford Motor Co. and FCA US, LLC - all reported vehicle sales above analyst expectations. British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates.
comments powered by Disqus
Follow RTT