Advertisement
Carpenter Technology Q1 Adj. EPS Tops Estimates, But Revenues Miss
(RTTNews) - Carpenter Technology Corp. (CRS) reported Thursday that net income for the first quarter surged to $84.8 million or $1.67 per share from $43.9 million or $0.88 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter was $1.73 per share, compared to $0.88 per share in the year-ago quarter.
Net sales for the quarter increased 10 percent to $717.6 million from $651.9 million in the same quarter last year. Net sales excluding surcharge were $577.4 million, up 17 percent from $492.8 million last year.
On average, fiver analysts polled by Thomson Reuters expected the company to report earnings of $1.59 per share on revenues of $742.96 million for the quarter. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Carpenter Technology Q2 Earnings Meets Estimates
Carpenter Technology Promotes Brian Malloy To COO
U.S. Dollar Climbs Off Worst Levels But Continues To See Moderate Weakness
Swiss Franc Advances Against Euro, Pound
Swiss Market Ends Modestly Higher
Major European Markets Close Weak On Growth Worries Amid U.S. Policy Uncertainty
Powell Says Fed 'Well Positioned' To Wait For 'Greater Clarity' About Impact Of Trump's Policies
