Barnes Group misses targets

Investor's Business Daily

The maker of aerospace and industrial parts for the transportation, telecom and manufacturing markets reported Q3 profit of 36 cents a share ex items, down 18% from last year and 16 cents below views. Sales rose 16% to $269.5 mil, also missing forecasts. Barnes Group (B) expects to earn $1.75-$1.80 for the full year vs. analysts' views for $1.91. It expects full-year revenue to rise about 16%. Shares fell 5.8% to 35.83.

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