TAT Technologies Turns To Profit In Q2

(RTTNews) - TAT Technologies Ltd. (TATT) reported second-quarter GAAP net income of $0.6 million or $0.07 per share, compared to a loss of $2.5 million, or $0.28 per share in the prior year.

Non-GAAP net income was $0.8 million or $0.09 per share, compared with a loss of $0.1 million, or $0.01 per share last year.

Revenues for the quarter were $26.6 million compared with $23.5 million in the second-quarter of 2016, a 13.2% growth.

Analysts polled by Thomson Reuters expected the company to report earnings of $ per share and revenues of $ million. Analysts' estimates typically exclude special items.