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Eastern Co  (EML)
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    Sector  Capital Goods    Industry Industrial Machinery and Components


Decline in Earnings despite Increase in Demand

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Eastern Co announced first quarter 2017 operating income of $2.236201 millions

Eastern Co reported declining eps on increasing revenue in the first quarter 2017, where Sales grew by 4.73 % to $36 millions in comparison to $34 millions on a year-over-year basis, while income fell by -17.32 % to $0.24 per share, income per share was $0.29 in the same quarter a year ago.

In the previous quarter company realized Sales of $31 millions and bottom line of $0.42 per share.

Net income of $2 millions in the first quarter 2017 fell by -12.85 % from $2 millions in the corresponding period a year before. Eastern Co shifted it's focus on improving sales in the first quarter 2017, as a result net margin eased to 4.21%.

Eastern Co is expected to report next financial results on July 28, 2017.
Other EML's Earnings Reports

Eastern Co reported forth quarter 2016 earnings

Eastern Co reported second quarter 2016 earnings

Eastern Co reported first quarter 2016 earnings

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