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Carpenter Technology Corp. Q2 adjusted earnings Beat Estimates

Carpenter Technology Corp. (CRS) released a profit for second quarter that declined from last year.

The company's bottom line came in at $35.5 million, or $0.73 per share. This compares with $92.1 million, or $1.92 per share, in last year's second quarter.

Excluding items, Carpenter Technology Corp. reported adjusted earnings of $36.7 million or $0.76 per share for the period.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.1% to $556.5 million from $487.8 million last year.

Carpenter Technology Corp. earnings at a glance:

-Earnings (Q2): $36.7 Mln. vs. $26.1 Mln. last year.
-EPS (Q2): $0.76 vs. $0.55 last year.
-Analysts Estimate: $0.66
-Revenue (Q2): $556.5 Mln vs. $487.8 Mln last year.

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