Park Electrochemical Q1 Earnings Drop 17%

(RTTNews) - Park Electrochemical (PKE) released a profit for first quarter that fell compared to the same period last year.

The company said its earnings totaled $2.48 million, or $0.12 per share. This was down from $2.99 million, or $0.15 per share, in last year's first quarter.

Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.9% to $27.42 million. This was down from $31.49 million last year.

Park Electrochemical earnings at a glance:

-Earnings (Q1): $2.48 Mln. vs. $2.99 Mln. last year. -Earnings Decline (Y-o-Y): -17.1% -EPS (Q1): $0.12 vs. $0.15 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.13 -Revenue (Q1): $27.42 Mln vs. $31.49 Mln last year. -Revenue Change (Y-o-Y): -12.9%