Carpenter Technology Reports Strong Earnings, Misses Revenue Estimates
PHILADELPHIA—Carpenter Technology Corp. (CRS) reported second-quarter fiscal earnings of $84.1 million on Thursday. On a per-share basis, the Philadelphia-based company earned $1.66, exceeding Wall Street expectations.
Analysts surveyed by Zacks Investment Research had forecast earnings of $1.56 per share. However, the company's revenue fell short of Street estimates, reaching $676.9 million. Three analysts polled by Zacks had anticipated $708.8 million.
Disclaimer: This article is generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CRS at https://www.zacks.com/ap/CRS