Aerospace, defense and industrial component maker Ducommun in Santa Ana reported second-quarter revenue and earnings per share that missed analysts’ estimates, sending the stock price down 5%.
Ducommun (NYSE: DCO) said net revenue for the period was $187.3 million, below the $189 million estimate cited by investor website Market Screener. Net revenue was up 7.5% over the same period a year ago.
Earnings per share in the 2023 second quarter were 54 cents, below the estimated 56 cents apiece cited by Market Screener.
Ducommun said its backlog of orders topped $1 billion for first time.
Shares in Ducommun were down 5% at $45.69 apiece for a market cap of $665 million as of 12:48 p.m. in New York.
