Carpenter Tech Adj Q4 EPS $0.78 Beats $0.66 Estimate, Sales $758.10M Beat $743.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carpenter Tech (NYSE:CRS) reported Q4 adjusted earnings of $0.78 per share, beating the analyst consensus estimate of $0.66 by 18.18%. The company also reported quarterly sales of $758.10 million, surpassing the analyst consensus estimate of $743.07 million by 2.02%. This represents a 34.46% increase over sales of $563.80 million in the same period last year.
July 27, 2023 | 12:02 pm
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Carpenter Tech's Q4 earnings and sales exceeded analyst estimates, which could positively impact the company's stock in the short term.
Carpenter Tech's better-than-expected Q4 earnings and sales figures are likely to be viewed positively by investors, which could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
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