Park Electrochemical Corp Down 9.91% To $14.32 After Earnings

Park Aerospace Corp (PKE) surpassed earnings projections on 10/5/2023 for Q2 2024.

The company reported an EPS of $0.09. The firm reported an EPS of $0.09 in the year-ago quarter. The neutral in Park Electrochemical Corp's annual growth rate represents how the business is performing neutrally amid recent economic conditions.

Revenues were upbeat at $12.5 million. That revenue figure represents a 10.05% decrease from the year ago quarter.

The stock is down 9.91% to $14.32 after the report.



InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Park Electrochemical Corp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 96, putting Park Electrochemical Corp in the top 25% of stocks. The firm set a 52-week high on March 3, 2023 at $16.92 and set a 52-week low on October 10, 2022 at $10.08.

Park Aerospace Corp designs develop and manufactures engineered, Advanced composite materials and composite structures and assemblies and low-volume tooling for the aerospace markets and prototype tooling for such structures and assemblies. It only operating business segments is Aerospace. Geographically, the company derives a majority of revenue from North America and also has a presence in a company operates its business in Asia and Europe. It offers Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut and Alpha Strut.