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Hexcel Corp. Q3 adjusted earnings Miss Estimates

Hexcel Corp. (HXL) announced earnings for third quarter that fell from last year.

The company's bottom line came in at $9.7 million, or $0.12 per share. This compares with $80.3 million, or $0.93 per share, in last year's third quarter.

Excluding items, Hexcel Corp. reported adjusted earnings of -$24.3 million or -$0.29 per share for the period.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 49.9% to $286.9 million from $572.5 million last year.

Hexcel Corp. earnings at a glance:

-Earnings (Q3): -$24.3 Mln. vs. $77.3 Mln. last year.
-EPS (Q3): -$0.29 vs. $0.90 last year.
-Analysts Estimate: $0.08
-Revenue (Q3): $286.9 Mln vs. $572.5 Mln last year.

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