Carpenter Technology Corp. Q4 Profit Increases, Beats Estimates

(RTTNews) - Carpenter Technology Corp. (CRS) reported earnings for its fourth quarter that Increased from last year and beat the Street estimates.

The company's earnings came in at $111.7 million, or $2.21 per share. This compares with $93.6 million, or $1.85 per share, last year.

Excluding items, Carpenter Technology Corp. reported adjusted earnings of $111.7 million or $2.21 per share for the period.

Analysts on average had expected the company to earn $2.06 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 5.4% to $755.6 million from $798.7 million last year.

Carpenter Technology Corp. earnings at a glance (GAAP) :

-Earnings: $111.7 Mln. vs. $93.6 Mln. last year. -EPS: $2.21 vs. $1.85 last year. -Revenue: $755.6 Mln vs. $798.7 Mln last year.