BKTI Stock Rises After Q3 Earnings Boost Margins and Profitability
BK Technologies(BKTI) ZACKS·2024-11-16 01:50
Shares of BK Technologies Corporation (BKTI) have gained 19% since the company reported its earnings for the quarter ended Sept. 30, 2024. This contrasts with the S&P 500 index’s -0.7% change over the same time frame. Over the past month, the stock gained 15.5% compared with the S&P 500’s 2.1% change.Financial Performance HighlightsFor the third quarter of 2024, BK Technologies reported revenues of $20.2 million, up 0.5% from $20.1 million achieved in the prior-year quarter. Gross margin improved significan ...