Park Electrochemical Q3 Income Declines 62%

(RTTNews) - Park Electrochemical (PKE) announced a profit for third quarter that dropped from last year.

The company said its profit declined to $0.72 million, or $0.04 per share. This was down from $1.88 million, or $0.09 per share, in last year's third 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 1.2% to $26.14 million. This was down from $26.46 million last year.

Park Electrochemical earnings at a glance:

-Earnings (Q3): $0.72 Mln. vs. $1.88 Mln. last year. -Earnings Decline (Y-o-Y): -61.7% -EPS (Q3): $0.04 vs. $0.09 last year. -EPS Decline (Y-o-Y): -55.6% -Analysts Estimate: $0.13 -Revenue (Q3): $26.14 Mln vs. $26.46 Mln last year. -Revenue Change (Y-o-Y): -1.2%