Park Electrochemical Corp. (PKE) posted a fall in first-quarter net earnings to $4.93 million or $0.24 per share from $7.24 million or $0.35 per share last year. On average, 3 analysts polled by Thomson Reuters expected earnings per share of $0.24 for the quarter. Analysts' estimates typically exclude one-time items.
Net sales were $46.05 million for the latest quarter, compared with $51.82 million in the prior-year quarter. Two analysts estimated revenues of $45.00 million for the quarter.
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