Park Electrochemical Q3 Earnings Climb 73%

(RTTNews) - Park Electrochemical (PKE) released a profit for its third quarter that gained ground from last year.

The company said its bottom line totaled $4.21 million, or $0.21 per share. This was higher than $2.43 million, or $0.12 per share, in last year's third quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.0% to $34.32 million. This was down from $34.68 million last year.

Park Electrochemical earnings at a glance:

-Earnings (Q3): $4.21 Mln. vs. $2.43 Mln. last year. -Earnings Growth (Y-o-Y): 73.3% -EPS (Q3): $0.21 vs. $0.12 last year. -EPS Growth (Y-o-Y): 75.0% -Analysts Estimate: $0.21 -Revenue (Q3): $34.32 Mln vs. $34.68 Mln last year. -Revenue Change (Y-o-Y): -1.0%