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Friday, Jun 21, 2024
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Ducommun Results Miss Estimates, Shares Down

Net revenue rises

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.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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