Hexcel Corp. Q3 Profit Increases, Inline With Estimates

Hexcel Corp. (HXL) released a profit for its third quarter that increased from last year in line with the Street estimates.

The company's bottom line totaled $26.8M, or $0.31 per share. This compares with $9.0M, or $0.11 per share, in last year's third quarter.

Excluding items, Hexcel Corp. reported adjusted earnings of $28.4M or $0.33 per share for the period.

Analysts on average had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.3% to $364.7M from $333.8M last year.

Hexcel Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $26.8M. vs. $9.0M. last year.
-EPS (Q3): $0.31 vs. $0.11 last year.
-Analyst Estimate: $0.33
-Revenue (Q3): $364.7M vs. $333.8M last year.

Full year EPS guidance: $1.12 - $1.24
Full year revenue guidance: $1.53 - $1.60 Bln

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