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Short Take: Amtech posts Q4 loss

Amtech said it posted a fourth quarter net loss of $5.9 million (37 cents per share) for the fourth quarter ended December 31, wider than a loss of $914,000 for the like period a year ago. Quarterly sales rose to $34.5 million from $30.4 million. "1997 was awful," said chief executive David Cook, hired recently to turn the company around. "Our financial performance last year plainly stunk."

Amtech said it posted a fourth quarter net loss of $5.9 million (37 cents per share) for the fourth quarter ended December 31, wider than a loss of $914,000 for the like period a year ago. Quarterly sales rose to $34.5 million from $30.4 million. "1997 was awful," said chief executive David Cook, hired recently to turn the company around. "Our financial performance last year plainly stunk."