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Kennametal Inc. Q3 adjusted earnings Miss Estimates

Kennametal Inc. (KMT) revealed a profit for its third quarter that rose from last year.

The company's profit totaled $50.87 million, or $0.61 per share. This compares with $38.89 million, or $0.48 per share, in last year's third quarter.

Excluding items, Kennametal Inc. reported adjusted earnings of $58.48 million or $0.70 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.0% to $607.94 million from $528.63 million last year.

Kennametal Inc. earnings at a glance:

-Earnings (Q3): $58.48 Mln. vs. $48.85 Mln. last year.
-EPS (Q3): $0.70 vs. $0.60 last year.
-Analysts Estimate: $0.72
-Revenue (Q3): $607.94 Mln vs. $528.63 Mln last year.

Full year EPS guidance: $2.55 to $2.65

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