ATS Automation Swings To Q4 Profit

Canada's ATS Automation Tooling Systems Inc ATSAF swung to a profit in the fourth quarter. ATS Automation posted a quarterly net income of C$3 million, or 4 Canadian cents per share, versus a year-ago loss of C$79.5 million, or 91 Canadian cents per share. Its loss from discontinued operations came in at C$7.9 million, versus a loss of C$93.9 million. ATS Automation's total revenue from continuing operations surged 17% to C$173.5 million. Its transportation revenue jumped to C$74 million, while sales at its life sciences unit climbed 3% to C$57 million.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!