Kaman Q3 Results Miss Estimates

(RTTNews) - Kaman Corp. (KAMN) reported net income for the third quarter of $14.8 million or $0.53 per share, compared to $19.2 million or $0.70 per share for the year-ago quarter.

Adjusted earnings per share from continuing operations for the third quarter was $0.60, compared to $0.68 in the prior year quarter.

Net sales for the third quarter rose to $462.33 million from $423.66 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.67 per share on revenue of $475.45 million for the third quarter. Analysts' estimates typically exclude special items.