NEW YORK (TheStreet) -- Shares of Arotech Corp. (ARTX) are soaring in pre-market trade, up 22.39% to $4.10, after the defense and security products and services company reported first quarter 2014 net income of $1 million, or 5 cents per share, compared to $616,000, or 3 cents per share, for last year's first quarter.
Analyst estimates were for 1 cent per share.
Revenue was $22.4 million, compared to $22.1 million last year.
The consensus estimate was $21.3 million.
TheStreet Ratings team rates AROTECH CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AROTECH CORP (ARTX) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: