Carpenter Technology Corp. Reveals Advance In Q2 Profit, Beats Estimates

Carpenter Technology

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(RTTNews) - Carpenter Technology Corp. (CRS) revealed a profit for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $84.1 million, or $1.66 per share. This compares with $42.7 million, or $0.85 per share, last year.

Analysts on average had expected the company to earn $1.61 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 8.4% to $676.9 million from $624.2 million last year.

Carpenter Technology Corp. earnings at a glance (GAAP) :

-Earnings: $84.1 Mln. vs. $42.7 Mln. last year. -EPS: $1.66 vs. $0.85 last year. -Revenue: $676.9 Mln vs. $624.2 Mln last year.