Hexcel Q1 EPS $0.43 Beats $0.41 Estimate, Sales $472.30M Miss $473.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hexcel (NYSE:HXL) reported Q1 earnings of $0.43 per share, surpassing the $0.41 estimate, but saw a 14% decrease from last year's $0.50. Sales reached $472.30M, slightly missing the $473.78M estimate but marking a 3.19% increase from the previous year.

April 22, 2024 | 8:15 pm
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Hexcel reported Q1 earnings above estimates but saw a year-over-year decrease in EPS and a slight miss in sales forecasts.
While Hexcel's earnings per share exceeded expectations, the year-over-year decrease and slight miss in sales forecasts could lead to mixed investor sentiment. The beat on EPS estimates is positive, but the decrease from the previous year and the miss on sales estimates may temper any potential stock price increase.
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