Broker Center sponsored links

Kennametal 4th-quarter net profit slips

Thu Jul 24, 2008 8:12am EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

NEW YORK, July 24 (Reuters) - Kennametal Inc (KMT.N: Quote, Profile, Research, Stock Buzz), a maker of industrial tools and specialty metals, reported slightly lower quarterly net profit, reflecting restructuring charges.

Earnings slipped to $59.6 million, or 77 cents per share, compared with $62.1 million, or 79 cents per share, a year earlier.

Stripping out charges, adjusted earnings per share were 85 cents.

(Reporting by Nick Zieminski, editing by Dave Zimmerman)

 

Featured Broker sponsored link

Editor's Choice

  • Pictures
  • Video
  • Articles
Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

  • Articles
  • Video
  • Recommended
The global destination for corporate leaders, deal-makers and innovators