Revenue Update on Astronics Corporation(NASDAQ:ATRO)

Astronics Corporation(NASDAQ:ATRO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $164.43M. Analysts estimated a revenue of $162.17M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.48.

Astronics Corporation (ATRO) made into the market gainers list on Fridays trading session with the shares advancing 1.05% or 0.44 points. Due to strong positive momentum, the stock ended at $42.33, which is also near the day’s high of $42.39. The stock began the session at $41.99 and the volume stood at 1,04,261 shares. The 52-week high of the shares is $52.762696 and the 52 week low is $24.75. The company has a current market capitalization of $1,071 M and it has 2,52,94,641 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, James S Kramer (Executive Vice President) sold 3,000 shares at $38.12 per share price.Also, On May 23, 2016, Robert T Brady (director) purchased 4,500 shares at $35.39 per share price.On Dec 17, 2015, John B Drenning (director) sold 6,000 shares at $38.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Astronics Corporation is a supplier of products to the aerospace defense consumer electronics and semi-conductor industries. Its products include advanced high-performance lighting and safety systems electrical power generation and distribution systems aircraft structures avionics products and automatic test systems. The Company has two segments: Aerospace and Test Systems. It designs and builds its products through its wholly owned subsidiaries Astronics Advanced Electronic Systems Corp. (AES); Astronics AeroSat Corporation (AeroSat); Ballard Technology Inc. (Ballard); DME Corporation (DME); Luminescent Systems Inc. (LSI); Luminescent Systems Canada Inc. (LSI Canada); Max-Viz Inc. (Max-Viz); Peco Inc. (Peco); PGA Electronic s.a. (PGA) Astronics Test Systems Inc. and Armstrong Aerospace Inc. (Armstrong). The Company has operations in the United States Canada and France.

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