Astronics Corporation Reports 2019 Third Quarter Financial Results
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Astronics Corp (ATRO) Misses Q3 EPS by 22c, Offers Q4 and FY20 Guidance
November 5, 2019 6:35 AM ESTAstronics Corp (NASDAQ: ATRO) reported Q3 EPS of $0.04, $0.22 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $177 million versus the consensus estimate of $174.51 million.
Announces restructuring plan for antenna businessGUIDANCE:
Astronics Corp sees Q4 2019 revenue of $175-195 million, versus the consensus of $179.08 million.
We expect fourth quarter sales to be $175 to $195 million, which will result in consolidated sales for 2019 to be in the range of $750 million to $770 million. Of the total, $680 million to $690 million is expected from the Aerospace... More