Hexcel Corp. Q3 adjusted earnings Miss Estimates

(RTTNews) - Hexcel Corp. (HXL) announced earnings for third quarter that fell from last year.

The company's bottom line came in at $9.7 million, or $0.12 per share. This compares with $80.3 million, or $0.93 per share, in last year's third quarter.

Excluding items, Hexcel Corp. reported adjusted earnings of -$24.3 million or -$0.29 per share for the period.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 49.9% to $286.9 million from $572.5 million last year.

Hexcel Corp. earnings at a glance:

-Earnings (Q3): -$24.3 Mln. vs. $77.3 Mln. last year. -EPS (Q3): -$0.29 vs. $0.90 last year. -Analysts Estimate: $0.08 -Revenue (Q3): $286.9 Mln vs. $572.5 Mln last year.