Carpenter Technology Corp. Announces 69% Advance In Q4 Earnings

(RTTNews) - Carpenter Technology Corp. (CRS) revealed a profit for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $27.6 million, or $0.58 per share. This was up from $16.3 million, or $0.35 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.9% to $507.7 million. This was up from $457.7 million last year.

Carpenter Technology Corp. earnings at a glance:

-Earnings (Q4): $27.6 Mln. vs. $16.3 Mln. last year. -Earnings Growth (Y-o-Y): 69.3% -EPS (Q4): $0.58 vs. $0.35 last year. -EPS Growth (Y-o-Y): 65.7% -Analysts Estimate: $0.50 -Revenue (Q4): $507.7 Mln vs. $457.7 Mln last year. -Revenue Change (Y-o-Y): 10.9%