BUZZ-Astronics rises on strong preliminary Q4 revenue, 2025 forecast

Reuters
2025.01.10 12:32
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Shares of Astronics Corprose 7.3% to $16.74 following strong preliminary Q4 revenue expectations of $208-$210 million, surpassing analysts' average of $194.9 million. The company also forecasts 2025 revenue between $820 million and $860 million, exceeding the average expectation of $836.4 million. Deliveries to Boeing are resuming post-strike, albeit slowly. However, the stock has declined approximately 8.4% in 2024.

Shares of Astronics Corp (ATRO.O) up 7.3% at $16.74, before the bell

Aerospace and defense components maker expects Q4 unaudited revenue to be in the range of $208 million-$210 million; analysts on an average expects revenue to be $194.9 million - data compiled by LSEG

ATRO expects 2025 revenue to be between $820 million and $860 million, mid point of which is above analysts’ average expectations of $836.4 million

East Aurora, New York-based Astronics says deliveries to Boeing (BA.N) following the end of the strike have been slowly resuming at a relatively low rate

Stock lost ~8.4% in 2024

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