Hexcel Q3 Earnings Top Estimates at 50 Cents Per Share; Revenue Misses at $496.4 Million

Hexcel Corp. (HXL) reported third-quarter earnings of $38.6 million, or 50 cents per share, on Wednesday, exceeding the 48-cent average estimate of five analysts surveyed by Zacks Investment Research. The Stamford, Connecticut-based maker of lightweight composite materials posted revenue of $496.4 million, missing Street forecasts of $500.2 million from four analysts surveyed by Zacks. The company guided full-year earnings to a range of $2.30 to $2.40 per share, with revenue projected between $2.03 billion and $2.13 billion.