UPDATE 1-Park Electrochemical Q1 profit plunges

* EPS $0.15 misses est by vs 4 cents

* Rev down 39 pct

June 30 (Reuters) - Electronic circuitry products maker Park Electrochemical Corp (PKE.N) posted a 59 percent drop in first-quarter profit, hurt by lower sales of its printed circuits used by telecommunications and Internet infrastructure companies.

For the quarter ended May 31 2009, the New York-based company earned $3.1 million, or 15 cents a share, compared with $7.6 million, or 37 cents a share, a year ago.

Revenue dipped 39 percent to $36.7 million. The company also posted a 60 percent fall in earnings from operations. Selling, general, and administrative expenses as a percentage of overall sales rose to 16 percent from 10.6 percent in the year-ago quarter.

Two analysts on average were looking for earnings of 19 cents a share, before items, on revenue of $36.21 million.

Park ELectrochemical supplies materials to the telecommunications, internet and aerospace markets. It has manufacturing plants in Singapore, France and China, other than the United States.

Shares of Park Electrochemical closed at $21.77 Monday on the New York Stock Exchange. (Reporting by Manasi Phadke in Bangalore, Editing by Saumyadeb Chakrabarty)