Ducommun Earnings Beats ForecastsTuesday, August 7, 2012
Shares of Ducommun Inc. jumped 28 percent to $12.51 on Tuesday after the Carson aerospace components maker reported better-than-expected second quarter profit.
Net income was $5.5 million (52 cents a share), compared with a net loss of $2.9 million (-28 cents) in the same period a year earlier. When adjusted for one-time items, net income was 37 cents a share, beating the Wall Street consensus of 30 cents.
Revenue rose 71 percent to nearly $185 million, but was still below analysts’ forecasts of $189 million.