Hexcel Q3 Profit Beats Estimates; Raises 2014 Guidance - Quick Facts

(RTTNews) - Hexcel Corp. (HXL) reported third-quarter net income of $55.8 million or $0.57 per share, compared to $48.7 million or $0.48 per share, last year. Adjusted net income was $56.1 million or $0.57 per share, for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.54 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $451.9 million from $412.3 million, last year. Analysts expected revenue of $460.28 million for the quarter.

The company now expects its 2014 sales in the range of $1.83 billion to $1.86 billion (previously was $1.81 billion to $1.86 billion). Adjusted earnings per share is expected to be in the range of $2.10 to $2.16 (previously was $2.06 to $2.14). Analysts expect the company to report 2014 profit per share of $2.12 on revenue of $1.86 billion.