STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Hexcel Corp. (HXL) on Thursday reported second-quarter net income of $13.5 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of 17 cents. Earnings, adjusted for restructuring costs and pretax expenses, were 50 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The maker of lightweight composite materials posted revenue of $489.9 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $471.2 million.
Hexcel expects full-year earnings in the range of $1.85 to $2.05 per share, with revenue in the range of $1.88 billion to $1.95 billion.
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