Arotech Corp. Reveals 54% Drop In Q3 Bottom Line

(RTTNews) - Arotech Corp. (ARTX) revealed earnings for third quarter that declined compared to the same period last year.

The company said its bottom line declined to $0.75 million, or $0.03 per share. This was lower than $1.64 million, or $0.07 per share, in last year's third quarter.

The company said revenue for the quarter fell 6.0% to $23.29 million. This was down from $24.78 million last year.

Arotech Corp. earnings at a glance:

-Earnings (Q3): $0.75 Mln. vs. $1.64 Mln. last year. -Earnings Decline (Y-o-Y): -54.3% -EPS (Q3): $0.03 vs. $0.07 last year. -EPS Decline (Y-o-Y): -57.1% -Revenue (Q3): $23.29 Mln vs. $24.78 Mln last year. -Revenue Change (Y-o-Y): -6.0%