Ducommun set for best day in 2 years after Q3 profit, revenue beat

Ducommun Incorporated

07/11/2022 18:26

** Shares of aerospace and defense products maker Ducommun
Inc  DCO.N  jump ~8.2% to $50.66 in afternoon trading
    ** Stock hits highest since May; On track for the biggest
one-day pct. rise since November 2020 if gains hold 
    ** Co posts Q3 adjusted profit of 96 cents/share, above
estimates of 85 cents/share, according to Refinitiv IBES data
    ** Revenue in the quarter came in at $186.6 million, beating
Wall Street expectations of $180.7 million 
    ** Co says it saw strong demand in Q3 for its commercial
aerospace products, helping top-line growth 
    ** Including session moves, shares up 8.3% YTD 
 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))