Carpenter Technology Expects Step Up In Profitability In Q4, Reaching $97M-$112M In Operating Income; Projects $74M-$79M In Operating Income In Q3
Portfolio Pulse from Benzinga Newsdesk
Carpenter Technology anticipates an increase in profitability with projected operating income of $97M-$112M in Q4, following an expected $74M-$79M in Q3.
January 25, 2024 | 1:07 pm
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Carpenter Technology projects a significant increase in operating income for Q4, expecting to reach $97M-$112M, after estimating $74M-$79M for Q3.
The projected increase in operating income for Carpenter Technology suggests a strong performance in the upcoming quarter. This positive outlook is likely to be well-received by investors, potentially leading to a short-term increase in the stock price.
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