Revenue Update on Park Electrochemical Corp.(NYSE:PKE)

Park Electrochemical Corp.(NYSE:PKE) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-market on Oct 6, 2016. Company reported revenue of $29.06M. Analysts estimated a revenue of $34.48M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.21.

Park Electrochemical Corp. (PKE) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.71% at a volume of 52,403. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.27. The peak price level was also seen at $14.27 while the days lowest was $13.93. Finally the shares closed at $14.01. The 52-week high of the shares is $18.09 while the 52-week low is $13.65. According to the latest information available, the market cap of the company is $283 M.

Several Insider Transactions has been reported to the SEC. On Oct 13, 2015, Carl William Smith (director) purchased 500 shares at $17.58 per share price.Also, On Aug 26, 2015, Steven T Warshaw (director) purchased 1,000 shares at $16.75 per share price.On Aug 17, 2015, Brian E Shore (CEO) purchased 5,000 shares at $17.87 per share price, according to the Form-4 filing with the securities and exchange commission.

Park Electrochemical Corp. (Park) is a global advanced materials company. The Company develops manufactures markets and sells high-technology digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials parts and assemblies and low-volume tooling products for the aerospace markets. Park operates through integrated business units in Asia Europe and North America. The Company also sells composite materials for use in RF electrical applications. The Company’s manufacturing facilities are located in Singapore France Kansas Arizona and California. The Company also maintains research and development facilities in Arizona Kansas and Singapore. The Company’s foreign operations are conducted principally by the Company’s subsidiaries in Singapore and France.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *