Park Electrochemical Corp. (PKE) reported a fall in second-quarter net earnings to $3.25 million, or $0.16 per share, from $7.67 million, or $0.37 per share last year.
Excluding special items, net earnings were $5.77 million, or $0.28 per share for the quarter, lower than $6.615 million, or $0.32 per share for the 2011 second quarter. On average, 3 analysts polled by Thomson Reuters expected earnings per share of $0.27 for the quarter. Analysts' estimates typically exclude one-time items.
The company reported quarterly net sales of $46.43 million for the second quarter, compared with the prior year's $50.45 million. Analysts estimated revenues of $47.03 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.