20.07.2016 22:30:09
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Hexcel Corp. Reports 8% Advance In Q2 Bottom Line
(RTTNews) - Hexcel Corp. (HXL) reported earnings for its second quarter that gained ground from last year.
The company said its bottom line totaled $66.4 million, or $0.70 per share. This was up from $61.7 million, or $0.63 per share, in last year's second quarter.
Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 9.9% to $522.6 million. This was up from $475.7 million last year.
Hexcel Corp. earnings at a glance:
-Earnings (Q2): $66.4 Mln. vs. $61.7 Mln. last year. -Earnings Growth (Y-o-Y): 7.6% -EPS (Q2): $0.70 vs. $0.63 last year. -EPS Growth (Y-o-Y): 11.1% -Analysts Estimate: $0.65 -Revenue (Q2): $522.6 Mln vs. $475.7 Mln last year. -Revenue Change (Y-o-Y): 9.9%
-Guidance: Full year EPS guidance: $2.48 - $2.56 Full year revenue guidance: $1.99 - $2.05 Bln
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