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Hexcel: 3Q Earnings Snapshot

STAMFORD, Conn. (AP) _ Hexcel Corp. (HXL) on Monday reported third-quarter earnings of $80.3 million.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of 93 cents. Earnings, adjusted for pretax gains, were 90 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The maker of lightweight composite materials posted revenue of $572.5 million in the period.

Hexcel expects full-year earnings in the range of $3.43 to $3.53 per share, with revenue in the range of $2.34 billion to $2.4 billion.

Hexcel shares have climbed 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $74.74, a climb of 18% in the last 12 months.


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