Kornit Digital: Q1 Earnings Snapshot

·1 min read

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.

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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 KRNT at https://www.zacks.com/ap/KRNT

The Associated Press

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