Allied Motion Reports First Quarter 2020 Results

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Go back to Allied Motion Reports First Quarter 2020 Results

Allied Motion (AMOT) Tops Q1 EPS by 21c

May 6, 2020 5:07 PM EDT

Allied Motion (NASDAQ: AMOT) reported Q1 EPS of $0.44, $0.21 better than the analyst estimate of $0.23. Revenue for the quarter came in at $92.4 million versus the consensus estimate of $86.74 million.

Dick Warzala, Chairman and CEO, commented, The business impact due to COVID-19 started in March and was primarily related to a decline in demand in our Vehicle markets. As we worked through the various issues caused by COVID-19, our first and foremost commitment was to our workforce and to ensure the health and safety of all employees and their families. I personally want to... More