Carpenter Technology Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - Carpenter Technology Corp. (CRS) revealed earnings for its third quarter that rose from the same period last year.

The company's earnings totaled $30.2 million, or $0.63 per share. This compares with $20.7 million, or $0.44 per share, in last year's third quarter.

Excluding items, Carpenter Technology Corp. reported adjusted earnings of $28.6 million or $0.60 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.8% to $572.2 million from $473.6 million last year.

Carpenter Technology Corp. earnings at a glance:

-Earnings (Q3): $28.6 Mln. vs. . last year. -Analysts Estimate: $0.58 -Revenue (Q3): $572.2 Mln vs. $473.6 Mln last year.