Markets
CRS

Carpenter Technology Corp. Q1 Profit Misses Estimates

(RTTNews) - Carpenter Technology Corp. (CRS) reported that its first-quarter net income per share increased to $0.85 from $0.65, prior year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.89, for the quarter. Analysts' estimates typically exclude special items.

Net sales for the first quarter were $585.4 million compared to $572.4 million in the first quarter of fiscal year 2019, an increase of 2 percent, on 5 percent lower volume. Net sales excluding surcharge were $486.6 million, an increase of 7 percent from the same period a year ago. Analysts expected revenue of $607.14 million, for the quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CRS

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More