HEXCEL CORP Announces 5% Drop In Q3 Earnings

(RTTNews) - HEXCEL CORP (HXL) revealed a profit for third quarter that fell compared to the same period last year.

The company said its earnings totaled $53.5 million, or $0.55 per share. This was lower than $56.1 million, or $0.57 per share, in last year's third quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.7% to $448.8 million. This was down from $451.9 million last year.

HEXCEL CORP earnings at a glance:

-Earnings (Q3): $53.5 Mln. vs. $56.1 Mln. last year. -Earnings Decline (Y-o-Y): -4.6% -EPS (Q3): $0.55 vs. $0.57 last year. -EPS Decline (Y-o-Y): -3.5% -Analysts Estimate: $0.55 -Revenue (Q3): $448.8 Mln vs. $451.9 Mln last year. -Revenue Change (Y-o-Y): -0.7%

-Guidance: Full year EPS guidance: $2.28 - $2.34 Full year revenue guidance: $1.84 - $1.86 Bln