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Investing.com - Carpenter Technology 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 EPS of $-0.01 on revenue of $552.32M.
Carpenter Technology 's are down 11% and is trading at $36.59 , still down 18.62% from its 52 week high of $44.96 set on Wednesday, April 20, 2022.
Carpenter Technology shares lost 1.16% to trade at $36.59 in intra-day trade 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, EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on Thursday, October 20, 2022 with third quarter EPS of $0.26 on revenue of $5B, for EPS of $0.3167 on revenue of $5.37B.
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