PHILADELPHIA (AP) — PHILADELPHIA (AP) — Carpenter Technology Corp. (CRS) on Thursday reported fiscal first-quarter profit of $122.5 million.
On a per-share basis, the Philadelphia-based company said it had net income of $2.43.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The maker of stainless steels and special alloys posted revenue of $733.7 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $729.1 million.
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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 CRS at https://www.zacks.com/ap/CRS
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