Astronics Corp (ATRO) Tops Q2 EPS by 9c

Astronics Corp (NASDAQ: ATRO) reported Q2 EPS of $0.57, $0.09 better than the analyst estimate of $0.48. Revenue for the quarter came in at $164.4 million versus the consensus estimate of $162.17 million.

Peter J. Gundermann, President and Chief Executive Officer, commented, “We had strong second quarter performance with our Aerospace business setting new records for sales, operating profit and bookings. Our Test Systems business, as expected, continues to struggle with lower 2016 volume, but is making solid progress on promising programs for the future. All in all, we feel well-positioned and our major initiatives remain on track.”

For earnings history and earnings-related data on Astronics Corp (ATRO) click here.

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