Aerospace Electronics Stock Rockets Another 10% in Premarket After Blowout Quarter; May Gains Now Near 28%
Shares of an aerospace and defense electronics manufacturer surged more than 10% in premarket trading after the company reported a standout quarter, sending its month-to-date gain to roughly 27.7%. The quarter featured a 25% year-over-year revenue increase to $1.38 billion and a 49% jump in net income to $233.8 million, driven by strong demand acro…