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Kennametal Inc. Earnings Advance In Q2

Kennametal Inc. (KMT) announced a profit for its second quarter that increased compared to the same period last year.

The company said its bottom line advanced to $43.20 million, or $0.52 per share. This was higher than $19.45 million, or $0.24 per share, in last year's second quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.2% to $571.35 million. This was up from $487.57 million last year.

Kennametal Inc. earnings at a glance:

-Earnings (Q2): $43.20 Mln. vs. $19.45 Mln. last year.
-Earnings Growth (Y-o-Y): 122.1%
-EPS (Q2): $0.52 vs. $0.24 last year.
-EPS Growth (Y-o-Y): 116.7%
-Analysts Estimate: $0.55
-Revenue (Q2): $571.35 Mln vs. $487.57 Mln last year.
-Revenue Change (Y-o-Y): 17.2%

Full year EPS guidance: $2.40 - $2.70

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