logo
Plus   Neg
Share
Email

Kaman Q4 Profit Declines - Quick Facts

Kaman Corp. (KAMN) reported fourth-quarter net income of $9.96 million or $0.38 per share, compared to $14.02 million or $0.53 per share in the year-ago quarter.

Excluding items, adjusted net income for the quarter was $13.93 million or $0.53 per share, down from $20.39 million or $0.77 per share in the comparable quarter last year. On average, six analysts polled by Thomson Reuters expected the company to earn $0.49 per share. Analysts' estimates typically exclude special items.

Net sales for the fourth quarter rose to $378.72 million from $365.12 million a year ago, while five analysts estimated revenue of $394.74 million for the fourth quarter.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a move likely to further inflame global trade tensions, President Donald Trump has threatened to impose a 20 percent tariff on all cars imported to the U.S. from the European Union. Trump claimed he would impose the new tariffs unless the EU removes tariffs and trade barriers placed on the U.S. The Federal Reserve has determined that the largest U.S. banks are strongly capitalized and would be able to lend to banks as well as households during a severe global economic recession. This is the fourth straight year that all banks have met the Federal Reserve's standards. The first round of results of the supervisory stress tests were released by the central bank on Thursday. The "safety" driver behind the wheel of a self-driving Uber was streaming a television show on her smartphone up until about the time of a fatal crash in March, according to a report from the Tempe Police Department. Uber's self-driving Volvo SUV, which was traveling at under 44 miles per hour, had struck and killed a pedestrian in Arizona on March 18.
Follow RTT