logo
  Join        Login             Stock Quote

Park Electrochemical (PKE) 3Q Misses Estimates; Earnings, Sales Fall

 December 19, 2012 06:53 AM
 


(By Balachander) Park Electrochemical Corp. (NYSE: PKE), a maker of digital and microwave printed circuit materials, reported a 5 percent drop in earnings for the third quarter amid a decline in sales. Both earnings and sales missed Wall Street projections.

The Melville, New York-based company earned $5.11 million or 25 cents a share, down from $5.38 million or 26 cents a share in the year-ago quarter. Wall Street analysts, on average, expected earnings of 29 cents per share.

Sales fell 13 percent to $41.26 million, versus consensus estimate of nearly flat sales.

Gross profit as a percentage of sales improved to 30.4 percent for the third quarter ended Nov. 25 from 27.5 percent in the comparable period of the previous year.

[Related -Dividend Roundup: LXP, SALM, PKE, RAS, BOOM, RFIL]

Selling, general & administrative expenses declined 9 percent.

The advanced materials company develops its products mainly for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies for the aerospace markets.

For the second quarter, PKE posted earnings of $5.77 million on sales of $46.43 million.

The stock, which has been trading between $22.54 and $32.19 over the past year, ended Tuesday's regular trading at $25.57.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageWinter is Coming! Here's My Favorite Seasonal Trade

Over the years, I've been successful trading weather patterns as they relate to commodities such as crude read on...

article imageHow To Avoid 5 Common Investing Mistakes

When it comes to successful investing, the field of behavioral finance has shown that sometimes the worst read on...

article imageSector Detector: Bulls Go Down Swinging, Refusing To Give Up Much Ground

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down read on...

article imageThe Bumpy Road Ahead To Policy Normalization

When the dust clears from tomorrow’s Fed announcement, the crowd’s expecting that the slow but persistent read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.