Investing.com - Carpenter Technology (NYSE:CRS) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Carpenter Technology announced earnings per share of $-0.14 on revenue of $522.90. Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $552.32M.
Carpenter Technology shares are down 11% from the beginning of the year, still down 18.62% from its 52 week high of $44.96 set on April 20.
Carpenter Technology shares lost 1.16% in intra-day trade following the report.
Carpenter Technology follows other major Materials sector earnings this month
Carpenter Technology's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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