Thursday, July 26, 2007

UPDATE 1-Carpenter posts weak Q4 earnings; shares down

(Reuters) - Shares of the producer of speciality alloys sank $19.69 to
$120.11 in morning trade on the New York Stock Exchange.




Reading, Pennsylvania-based Carpenter posted earnings of
$2.33 a share on revenue of $560.5 million for the fourth
quarter. Analysts on average were expecting the company to earn
$2.76 a share, before items, on revenue of $570.3 million,
according to Reuters Estimates.


Read more at Reuters.com Market News

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