Carpenter Technology Corp. Profit Advances 45% In Q3

(RTTNews) - Carpenter Technology Corp. (CRS) announced earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $20.7 million, or $0.44 per share. This was up from $14.3 million, or $0.30 per share, in last year's third quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.8% to $473.6 million. This was up from $456.3 million last year.

Carpenter Technology Corp. earnings at a glance:

-Earnings (Q3): $20.7 Mln. vs. $14.3 Mln. last year. -Earnings Growth (Y-o-Y): 44.8% -EPS (Q3): $0.44 vs. $0.30 last year. -EPS Growth (Y-o-Y): 46.7% -Analysts Estimate: $0.33 -Revenue (Q3): $473.6 Mln vs. $456.3 Mln last year. -Revenue Change (Y-o-Y): 3.8%