ATS Automation Posts Rise In Q1 Profit

ATS Automation Tooling Systems

reported a rise in its first-quarter profit. ATS Automation's quarterly net income from continuing operations surged to C$11.8 million, or 13 Canadian cents a share, versus C$6.2 million, or 7 Canadian cents a share, in the year-ago period. Its revenue from continuing operations climbed 20% to C$152.2 million, while transportation revenue jumped 69% to C$68.5 million. ATS Automation shares closed at $8.33 yesterday.