Park Aerospace Corp (PKE)

Park Electrochemical Corporatio (PKE) dropped by 9.24% from $15.80 to $14.34 in the trading on Friday October 6, 2023. The reason why PKE stock down is due to the Q1 FY24 results.

• Earnings per share of $0.09 for the 2024 fiscal year second quarter, compared to $0.09 per share for the year-ago period.
• Earnings from operations fell 9.8% on year to $2.22 million.
• Sales fell to $12.48 million from $13.88 million in the year-ago quarter.
• Gross margin contracted by 90 bps to 31.1%