WASHINGTON (dpa-AFX) - Hexcel Corp. (HXL) revealed a profit for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $36.5 million, or $0.43 per share. This compares with $42.7 million, or $0.50 per share, in last year's first quarter.
Excluding items, Hexcel Corp. reported adjusted earnings of $37.4 million or $0.44 per share for the period.
Analysts on average had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.2% to $472.3 million from $457.7 million last year.
Hexcel Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $36.5 Mln. vs. $42.7 Mln. last year. -EPS (Q1): $0.43 vs. $0.50 last year. -Revenue (Q1): $472.3 Mln vs. $457.7 Mln last year.
-Guidance: Full year EPS guidance: $2.10 to $2.30 Full year revenue guidance: $1.925 - $2.025 Bln
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