Arotech Corp. Q1 Profit Retreats 74%

(RTTNews) - Arotech Corp. (ARTX) released earnings for first quarter that retreated compared to the same period last year.

The company said its earnings fell to $0.27 million, or $0.01 per share. This was down from $1.05 million, or $0.04 per share, in last year's first quarter.

The company said revenue for the quarter fell 12.0% to $22.35 million. This was down from $25.41 million last year.

Arotech Corp. earnings at a glance:

-Earnings (Q1): $0.27 Mln. vs. $1.05 Mln. last year. -Earnings Decline (Y-o-Y): -74.3% -EPS (Q1): $0.01 vs. $0.04 last year. -EPS Decline (Y-o-Y): -75.0% -Revenue (Q1): $22.35 Mln vs. $25.41 Mln last year. -Revenue Change (Y-o-Y): -12.0%