Hexcel Corp. Q3 Profit Advances 15%
WASHINGTON (dpa-AFX) - Hexcel Corp. (HXL) announced earnings for its third quarter that increased from last year.
The company said its bottom line rose to $61.6 million, or $0.65 per share. This was up from $53.5 million, or $0.55 per share, in last year's third quarter.
Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 11.5% to $500.5 million. This was up from $448.8 million last year.
Hexcel Corp. earnings at a glance:
-Earnings (Q3): $61.6 Mln. vs. $53.5 Mln. last year. -Earnings Growth (Y-o-Y): 15.1% -EPS (Q3): $0.65 vs. $0.55 last year. -EPS Growth (Y-o-Y): 18.2% -Analysts Estimate: $0.61 -Revenue (Q3): $500.5 Mln vs. $448.8 Mln last year. -Revenue Change (Y-o-Y): 11.5%
-Guidance: Full year EPS guidance: $2.52 - $2.58 Full year revenue guidance: $2.00 - $2.03 Bln
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