Astronics Corporation Reports 2020 Second Quarter Financial Results

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Go back to Astronics Corporation Reports 2020 Second Quarter Financial Results

Astronics Corp (ATRO) Misses Q2 EPS by 46c, Revenue Beats

July 31, 2020 6:38 AM EDT

Astronics Corp (NASDAQ: ATRO) reported Q2 EPS of ($0.77), $0.46 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $123.7 million versus the consensus estimate of $110.03 million.

GUIDANCE:

Astronics Corp sees FY2020 revenue of $500-525 million, versus the consensus of $498.6 million.

Peter J. Gundermann stated, We have taken significant action to adjust to the evolving environment. Our team has responded very effectively to the situation and our operations continue to perform... More