TAT Technologies Shares Hit 52-Week High as 2Q Revenue, Earnings Soar

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TAT Technologies Shares Hit 52-Week High as 2Q Revenue, Earnings Soar

Dow Jones08-30

By Chris Wack

TAT Technologies shares rose to their 52-week high after the company reported a large increase in its second-quarter earnings and revenue.

The stock was up 12%, to $17.19 a share, after trading as high as $17.36 earlier in Thursday's session.

Revenue for the quarter was $36.5 million, 36.2% higher than the same quarter last year, when it had quarterly revenue of $26.8 million.

Earnings for the quarter were $2.6 million, or 25 cents a share. This was a 78% increase over last year's $1.5 million, or 15 cents a share.

The North Carolina-based aerospace and defense company said it had orders of more than $40 million in the quarter, potentially boosting revenue in the coming quarters.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

August 29, 2024 13:08 ET (17:08 GMT)

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