ROSH-HAAYIN, Israel (AP) _ Kornit Digital Ltd. (KRNT) on Tuesday reported first-quarter net income of $5.1 million, after reporting a loss in the same period a year earlier.
The Rosh-Haayin, Israel-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The digital textile printer posted revenue of $66.1 million in the period.
Kornit Digital shares have dropped 0.5% since the beginning of the year. The stock has more than doubled in the last 12 months.
The Associated Press