Astronics Expects Above-Consensus Q2 Revenues
Portfolio Pulse from Lekha Gupta
Astronics Corp (NASDAQ:ATRO) reported above-consensus Q2 preliminary revenue results, expecting revenues to be $170 million-$175 million, above the consensus of $167.08 million. The company also disclosed Q2 preliminary orders of around $200 million-$205 million, including a $9.6 million production order for the U.S. Marine Corps. The company's shares are trading higher by 3.02% at $19.11 premarket.
July 18, 2023 | 10:25 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Astronics Corp reported above-consensus Q2 preliminary revenue results and disclosed Q2 preliminary orders of around $200 million-$205 million. The company's shares are trading higher by 3.02% premarket.
The company's above-consensus Q2 preliminary revenue results and the disclosure of Q2 preliminary orders of around $200 million-$205 million are positive news that could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100