Amtech: Fiscal Q1 Earnings Snapshot

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TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Amtech Systems Inc. (ASYS) on Wednesday reported fiscal first-quarter net income of $312,000, after reporting a loss in the same period a year earlier.

The Tempe, Arizona-based company said it had net income of 2 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 6 cents per share.

The provider of equipment for solar panel and semiconductor makers posted revenue of $24.4 million in the period.

For the current quarter ending in March, Amtech said it expects revenue in the range of $21 million to $23 million.

Amtech shares have decreased 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.23, an increase of 31% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASYS at https://www.zacks.com/ap/ASYS