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Hexcel: 3Q Earnings Snapshot

STAMFORD, Conn. (AP) _ Hexcel Corp. (HXL) on Monday reported third-quarter net income of $80.1 million.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of 91 cents. Earnings, adjusted for pretax gains, were 80 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 80 cents per share.

The maker of lightweight composite materials posted revenue of $540.5 million in the period.

Hexcel expects full-year earnings in the range of $2.99 to $3.07 per share, with revenue in the range of $2.14 billion to $2.2 billion.

Hexcel shares have climbed 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $62.44, a decrease of 2 percent 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