Park Aerospace gains after quarterly profit jumps 40%

Park Aerospace

08/07/2021 15:25

** Shares of aero parts maker  PKE.N  rise as much as 0.5%
to $15.08 in early trading
    ** PKE says Q1 profit jumps about 40% to $2.7 mln, while
revenue rises about 11% to $13.6 mln, as air traffic recovers
from COVID-19 pandemic helped by increase in vaccination rates
 urn:newsml:reuters.com:*:nGNX2Z4DpP
    ** PKE says Q1 gross margin rises to 40.3%, from 30.1% a
year earlier
    ** YTD, stock had risen about 12% this year

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))