Hexcel Corp. (HXL) revealed earnings for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $28.9 million, or $0.35 per share. This compares with $36.5 million, or $0.43 per share, last year.
Excluding items, Hexcel Corp. reported adjusted earnings of $30.1 million or $0.37 per share for the period.
Analysts on average had expected the company to earn $0.42 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.3% to $456.5 million from $472.3 million last year.
Hexcel Corp. earnings at a glance (GAAP) :
-Earnings: $28.9 Mln. vs. $36.5 Mln. last year.
-EPS: $0.35 vs. $0.43 last year.
-Revenue: $456.5 Mln vs. $472.3 Mln last year.
-Guidance:
Full year EPS guidance: $1.85 - $2.05
Full year revenue guidance: $1.88 - $1.95 Bln
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