PITTSBURGH (AP) — PITTSBURGH (AP) — Kennametal Inc. (KMT) on Tuesday reported fiscal fourth-quarter earnings of $36.4 million.
The Pittsburgh-based company said it had net income of 45 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 51 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The engineered products maker posted revenue of $550.2 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $566.5 million.
For the year, the company reported profit of $118.5 million, or $1.46 per share. Revenue was reported as $2.08 billion.
For the current quarter ending in September, Kennametal expects its per-share earnings to range from 30 cents to 40 cents.
The company said it expects revenue in the range of $485 million to $510 million for the fiscal first quarter.
Kennametal expects full-year earnings in the range of $1.75 to $2.15 per share, with revenue ranging from $2.1 billion to $2.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMT at https://www.zacks.com/ap/KMT
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