Investing.com - Kennametal reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Kennametal announced earnings per share of $0.34 on revenue of $494.8M. Analysts polled by Investing.com anticipated EPS of $0.39 on revenue of $488.48M.
Kennametal shares are down 32.41% from the beginning of the year and are trading at $24.27 , down-from-52-week-high.
Kennametal follows other major Industrials sector earnings this month
Kennametal's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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