Ducommun stock hit by earnings miss

May 08, 2013 | 06:21 PM | Frank Haflich

Tags  Ducommun. Ducommun AeroStructures, aerospace, Anthony Reardon, quarterly earnings, Frank Haflich

LOS ANGELES — Ducommun Inc.’s first-quarter results fell below Wall Street expectations despite a 55.1-percent rise in earnings, sending its stock price plummeting this week.

The Los Angeles-based aerospace and defense contractor’s net income totaled $3.7 million (35 cents per diluted share) for the three months ended March 31, up from $2.4 million (23 cents per share) in the same year-ago period, despite sales that fell 4.6 percent to $175.9 million from $184.3 million.....

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