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.