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Kaman Corp. Q1 Profit Decreases, misses estimates

Kaman Corp. (KAMN) reported a profit for first quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $4.02 million, or $0.14 per share. This compares with $7.98 million, or $0.29 per share, in last year's first quarter.

Excluding items, Kaman Corp. reported adjusted earnings of $0.15 per share for the period.

Analysts on average had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.9% to $158.05 million from $171.62 million last year.

Kaman Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $4.02 Mln. vs. $7.98 Mln. last year.
-EPS (Q1): $0.14 vs. $0.29 last year.
-Analyst Estimates: $0.35
-Revenue (Q1): $158.05 Mln vs. $171.62 Mln last year.

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