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Carpenter Technology Corp. Bottom Line Advances In Q2

Carpenter Technology Corp. (CRS) revealed earnings for its second quarter that gained ground from last year.

The company said its bottom line advanced to $26.1 million, or $0.55 per share. This was up from $7.0 million, or $0.15 per share, in last year's second quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.1% to $487.8 million. This was up from $427.4 million last year.

Carpenter Technology Corp. earnings at a glance:

-Earnings (Q2): $26.1 Mln. vs. $7.0 Mln. last year.
-Earnings Growth (Y-o-Y): 272.9%
-EPS (Q2): $0.55 vs. $0.15 last year.
-EPS Growth (Y-o-Y): 266.7%
-Analysts Estimate: $0.52
-Revenue (Q2): $487.8 Mln vs. $427.4 Mln last year.
-Revenue Change (Y-o-Y): 14.1%

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