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ClearOne posts 4Q profit
ClearOne posts profit of $2.7 million in 4th quarter
SALT LAKE CITY (AP) _ ClearOne Inc. (CLRO) on Thursday reported fourth-quarter earnings of $2.7 million.
On a per-share basis, the Salt Lake City-based company said it had profit of 28 cents. Earnings, adjusted for one-time gains and costs, came to 34 cents per share.
The provider of videoconferencing products posted revenue of $15.4 million in the period.
For the year, the company reported profit of $5.6 million, or 58 cents per share. Revenue was reported as $57.9 million.
ClearOne shares have climbed almost 4 percent since the beginning of the year. The stock has dropped 15 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLRO at http://www.zacks.com/ap/CLRO
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