-+ 0.00%
-+ 0.00%
-+ 0.00%
Kennametal: Fiscal Q1 Earnings Snapshot
Share
Listen to the news

PITTSBURGH (AP) — PITTSBURGH (AP) — Kennametal Inc. (KMT) on Wednesday reported fiscal first-quarter profit of $271.6 million.

On a per-share basis, the Pittsburgh-based company said it had net income of $3.48.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.

The engineered products maker posted revenue of $768.2 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $780.6 million.

For the current quarter ending in December, Kennametal expects its per-share earnings to range from $1.20 to $1.50.

The company said it expects revenue in the range of $785 million to $815 million for the fiscal second quarter.

Kennametal expects full-year earnings in the range of $5 to $6 per share, with revenue ranging from $3.33 billion to $3.45 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMT at https://www.zacks.com/ap/KMT

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending