Park Electrochemical Earnings Decline 8% In Q2

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

The company said its earnings declined to $4.64 million, or $0.23 per share. This was down from $5.02 million, or $0.24 per share, in last year's second quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.4% to $37.95 million. This was down from $42.35 million last year.

Park Electrochemical earnings at a glance:

-Earnings (Q2): $4.64 Mln. vs. $5.02 Mln. last year.
-Earnings Decline (Y-o-Y): -7.6%
-EPS (Q2): $0.23 vs. $0.24 last year.
-EPS Decline (Y-o-Y): -4.2%
-Analysts Estimate: $0.30
-Revenue (Q2): $37.95 Mln vs. $42.35 Mln last year.
-Revenue Change (Y-o-Y): -10.4%