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Carpenter Technology shares fall 24.5% this week as revenue misses estimates

The Motley Fool +1 ·

CRS
CRS Carpenter Technology Corp
$284.66 -2.60%
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  1. 1Carpenter Technology recorded revenue of $798.2 million in the first quarter of fiscal year 2027.
  2. 2Carpenter Technology shares fell 24.5% this week.
  3. 3Carpenter Technology approved a new $1 billion share repurchase program.

So what's the key point?

Carpenter Technology's revenue was lower than what experts expected. While the stock price dropped 24.5% this week, the company approved a $1 billion share buyback program.

Source The Motley Fool +1 · View original ↗

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