PHILADELPHIA (AP) — PHILADELPHIA (AP) — Carpenter Technology Corp. (CRS) on Thursday reported fiscal second-quarter profit of $105.3 million.
The Philadelphia-based company said it had profit of $2.09 per share. Earnings, adjusted to extinguish debt, came to $2.33 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The maker of stainless steels and special alloys posted revenue of $728 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $728.6 million.
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