Why Astronics Stock Popped Today
Business is going great at Astronics right now -- but what about the stock price?
Overview
Aerospace and defense company Astronics Corporation (NASDAQ: ATRO) stock surged 15.8% through 11:30 a.m. ET on Wednesday after beating analyst forecasts for Q2 earnings last night.
Heading into the report, Wall Street thought Astronics would earn $0.54 per share on $245.8 million in quarterly sales. Astronics actually earned $0.70 per share on sales of $260 million.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.