Carpenter Technology Corp. (CRS) released earnings for its third quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $95.4 million, or $1.88 per share. This compares with $6.3 million, or $0.12 per share, last year.
Excluding items, Carpenter Technology Corp. reported adjusted earnings of $95.4 million or $1.88 per share for the period.
Analysts on average had expected the company to earn $1.74 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.1% to $727.0 million from $684.9 million last year.
Carpenter Technology Corp. earnings at a glance (GAAP) :
-Earnings: $95.4 Mln. vs. $6.3 Mln. last year.
-EPS: $1.88 vs. $0.12 last year.
-Revenue: $727.0 Mln vs. $684.9 Mln last year.
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