Allied Motion (NASDAQ:AMOT) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:40 PM.
Here's what investors need to know about the announcement.
Earnings
Allied Motion beat estimated earnings by 19.57%, reporting an EPS of $0.55 versus an estimate of $0.46.
Revenue was up $30.76 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.07 which was followed by a 4.75% drop in the share price the next day.
Here's a look at Allied Motion's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.50 | 0.37 | 0.24 | 0.13 |
| EPS Actual | 0.43 | 0.60 | 0.36 | 0.24 |
| Revenue Estimate | 126.17M | 128.66M | 117.39M | 110.41M |
| Revenue Actual | 131.08M | 134.41M | 122.72M | 114.78M |
To track all earnings releases for Allied Motion visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.