Aerospace & Defense
PKE
14.23
price up icon1.79%   0.25
after-market After Hours: 14.01 -0.22 -1.55%

Park Aerospace Corp (PKE)
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Why is Park Aerospace Corp (PKE) Stock down?

06 Oct, 2023:

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%

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