Carpenter Technology Corp. Bottom Line Advances In Q2

(RTTNews) - Carpenter Technology Corp. (CRS) revealed earnings for its second quarter that gained ground from last year.

The company said its bottom line advanced to $26.1 million, or $0.55 per share. This was up from $7.0 million, or $0.15 per share, in last year's second quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.1% to $487.8 million. This was up from $427.4 million last year.

Carpenter Technology Corp. earnings at a glance:

-Earnings (Q2): $26.1 Mln. vs. $7.0 Mln. last year. -Earnings Growth (Y-o-Y): 272.9% -EPS (Q2): $0.55 vs. $0.15 last year. -EPS Growth (Y-o-Y): 266.7% -Analysts Estimate: $0.52 -Revenue (Q2): $487.8 Mln vs. $427.4 Mln last year. -Revenue Change (Y-o-Y): 14.1%