Adept Technology (ADEP) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS
Adept Technology (NASDAQ:ADEP) announced its earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.05, American Banking News reports. The company had revenue of $14.30 million for the quarter, compared to the consensus estimate of $16.22 million.
Shares of Adept Technology (NASDAQ:ADEP) traded up 7.54% on Monday, hitting $11.13. 742,221 shares of the company’s stock traded hands. Adept Technology has a one year low of $3.25 and a one year high of $21.90. The stock’s 50-day moving average is $9.30 and its 200-day moving average is $13.21. The company’s market cap is $145.3 million.
Adept Technology, Inc (NASDAQ:ADEP) provides robotics systems and services helping its customers in their assembly, handling, packaging, testing, warehousing, logistics and other automated processes, in both fixed repetitive and unstructured environments.
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