Carpenter Tech CRS reported its Q1 earnings results on Thursday, October 27, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Carpenter Tech missed estimated earnings by 1300.0%, reporting an EPS of $-0.14 versus an estimate of $-0.01.
Revenue was up $135.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 3.28% increase in the share price the next day.
Here's a look at Carpenter Tech's past performance:
|Quarter||Q4 2022||Q3 2022||Q2 2022||Q1 2022|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Carpenter Tech management provided guidance for Q1 2023, expecting earnings between $-0.16 and $-0.14 per share.
To track all earnings releases for Carpenter Tech visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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