Park Electrochemical Bottom Line Declines 48% In Q4

(RTTNews) - Park Electrochemical (PKE) announced a profit for fourth quarter that declined from last year.

The company said its bottom line declined to $2.55 million, or $0.13 per share. This was lower than $4.86 million, or $0.24 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 22.8% to $27.60 million. This was down from $35.76 million last year.

Park Electrochemical earnings at a glance:

-Earnings (Q4): $2.55 Mln. vs. $4.86 Mln. last year. -Earnings Decline (Y-o-Y): -47.5% -EPS (Q4): $0.13 vs. $0.24 last year. -EPS Decline (Y-o-Y): -45.8% -Analysts Estimate: $0.14 -Revenue (Q4): $27.60 Mln vs. $35.76 Mln last year. -Revenue Change (Y-o-Y): -22.8%