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Key Technology posts 1Q profit

WALLA WALLA, Wash. (AP) _ Key Technology Inc. (KTEC) on Thursday reported fiscal first-quarter net income of $15,000, after reporting a loss in the same period a year earlier. The Walla Walla, Washington-based company said it had profit of less than 1 cent on a per-share basis. The automation...

WALLA WALLA, Wash. (AP) _ Key Technology Inc. (KTEC) on Thursday reported fiscal first-quarter net income of $15,000, after reporting a loss in the same period a year earlier.

The Walla Walla, Washington-based company said it had profit of less than 1 cent on a per-share basis.

The automation systems manufacturer posted revenue of $27.4 million in the period.

Key Technology shares have climbed 5.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.20, an increase of 49 percent 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 KTEC at https://www.zacks.com/ap/KTEC

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Keywords: Key Technology, Earnings Report

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