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Carpenter Technology Corp. Q1 Profit Rises

Carpenter Technology Corp. (CRS) released earnings for its first quarter that rose from last year.

The company's earnings came in at $31.5 million, or $0.65 per share. This compares with $23.4 million, or $0.49 per share, in last year's first quarter.

Analysts had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.3% to $572.4 million from $479.8 million last year.

Carpenter Technology Corp. earnings at a glance:

-Earnings (Q1): $31.5 Mln. vs. $23.4 Mln. last year.
-EPS (Q1): $0.65 vs. $0.49 last year.
-Analysts Estimate: $0.74
-Revenue (Q1): $572.4 Mln vs. $479.8 Mln last year.

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