Arotech Corp. Q2 Earnings Drop 35%

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

The company said its bottom line totaled $0.34 million, or $0.01 per share. This was lower than $0.52 million, or $0.02 per share, in last year's second quarter.

The company said revenue for the quarter fell 1.5% to $21.45 million. This was down from $21.78 million last year.

Arotech Corp. earnings at a glance:

-Earnings (Q2): $0.34 Mln. vs. $0.52 Mln. last year. -Earnings Decline (Y-o-Y): -34.6% -EPS (Q2): $0.01 vs. $0.02 last year. -EPS Decline (Y-o-Y): -50.0% -Revenue (Q2): $21.45 Mln vs. $21.78 Mln last year. -Revenue Change (Y-o-Y): -1.5%