(RTTNews) - Carpenter Technology Corp. (CRS) reported a profit for its first quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $122.5 million, or $2.43 per share. This compares with $84.8 million, or $1.67 per share, last year.
Excluding items, Carpenter Technology Corp. reported adjusted earnings of $2.43 per share for the period.
Analysts on average had expected the company to earn $2.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.2% to $733.7 million from $717.6 million last year.
Carpenter Technology Corp. earnings at a glance (GAAP) :
-Earnings: $122.5 Mln. vs. $84.8 Mln. last year. -EPS: $2.43 vs. $1.67 last year. -Revenue: $733.7 Mln vs. $717.6 Mln last year.
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