Astronics corporation reports q4 loss per share of $1.10
Oration reports 2019 fourth quarter and full year financial results.q4 loss per share $1.10.q4 sales $198.4 million versus refinitiv ibes estimate of $195 million.q4 earnings per share estimate $-0.11 -- refinitiv ibes data.sees q1 revenue $155 million to $165 million.q4 net loss of $34.1 million includes restructuring & impairment charges & legal reserves totaling $51.7 million.backlog at end of year was $360 million.737 max news grew worse in december, hurt our bookings & cast a shadow over near-term expectations.astronics -"q1 likely to include little or no max line fit revenue, which hurts us because we put about $95,000 of product into each aircraft built".apart from max, believe were better positioned as a co at end of 2019 than at the beginning.astronics - continued grounding of 737 max & associated production pause has caused us to withdraw fy revenue guidance for now.expects to issue fy sales guidance as soon as practical, probably when we report q1 results.expect q1 will be lightest quarter of 2020, results will strengthen throughout year.capital equipment spending in 2020 is expected to be in range of $22 million to $25 million.q1 revenue view $174.3 million -- refinitiv ibes data.
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