Park Electrochemical Q1 Profit Retreats 38%

(RTTNews) - Park Electrochemical (PKE) released earnings for first quarter that lost ground compared to the same period last year.

The company said its earnings totaled $2.95 million, or $0.15 per share. This was down from $4.78 million, or $0.24 per share, in last year's first quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 16.8% to $31.49 million. This was down from $37.83 million last year.

Park Electrochemical earnings at a glance:

-Earnings (Q1): $2.95 Mln. vs. $4.78 Mln. last year. -Earnings Decline (Y-o-Y): -38.3% -EPS (Q1): $0.15 vs. $0.24 last year. -EPS Decline (Y-o-Y): -37.5% -Analysts Estimate: $0.22 -Revenue (Q1): $31.49 Mln vs. $37.83 Mln last year. -Revenue Change (Y-o-Y): -16.8%