Park Electrochemical Q1 adjusted earnings Beat Estimates

(RTTNews) - Park Electrochemical (PKE) reported a profit for its first quarter that rose from the same period last year.

The company's profit totaled $3.17 million, or $0.16 per share. This compares with $1.39 million, or $0.07 per share, in last year's first quarter.

Excluding items, Park Electrochemical reported adjusted earnings of $3.37 million or $0.17 per share for the period.

Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.4% to $31.10 million from $27.42 million last year.

Park Electrochemical earnings at a glance:

-Earnings (Q1): $3.37 Mln. vs. $2.48 Mln. last year. -EPS (Q1): $0.17 vs. $0.12 last year. -Analysts Estimate: $0.10 -Revenue (Q1): $31.10 Mln vs. $27.42 Mln last year.